Bonds Pare Worst Weekly Loss Since April on Labor, Oil Angst

Treasuries pared their biggest weekly loss since April 2025 as a surprisingly weak US jobs report and surging oil prices complicate the case for Federal Reserve interest-rate cuts.

In a volatile trading session Friday, US government bond yields moved lower in afternoon trading. Short-term notes outperformed, suggesting investors see renewed signs of a softening labor market offsetting some anxiety about inflation tied to rising oil prices and allowing the Fed to maintain its policy easing bias. Traders were pricing in at least one rate reduction this year, as soon as September.