US Treasury yields move higher as investors await nonfarm payrolls data

At around 3:10 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.6375 percent, while the yield on the 30-year Treasury bond was also higher at 3.0270 percent.

On the data front, nonfarm payrolls, unemployment rate and average hourly wages data for February will be released at around 8:30 a.m. ET. Housing starts and building permits figures for January are both expected to follow later in the trading day.Elsewhere, oil prices slipped more than 1 percent amid heightened fears about a global economic downturn.

International benchmark Brent crude traded at around $65.44 on Friday, down around 1.2 percent, while U.S. West Texas Intermediate stood at around $56.06, more than 1 percent lower.

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