U.S. Treasury yields experienced an increase on Friday in anticipation of the October jobs report.

The 10-year yield rose to 4.2947% and the 2-year yield reached 4.1806%. This movement occurred during a week of significant economic data, including the personal consumption expenditures price index, which indicated a 2.1% annual increase in September, aligning with economists' expectations.

The upcoming jobs report is of great importance, as economists predict a nonfarm payroll increase of only 100,000, the smallest rise in nearly four years. The unemployment rate is expected to remain steady at 4.1%. This data will be released by the Bureau of Labor Statistics and is considered crucial ahead of the Federal Reserve's interest rate decision on November 7, where a 25-basis-point rate cut is anticipated. Furthermore, there are expectations for insights into the manufacturing sector later today.