Treasury Yields Volatile Amid Economic Uncertainty

U.S. Treasury yields have shown volatility, with the 10-year yield falling to 4.218% this week for a second consecutive weekly decline, but rising over the past month to 4.360%. The 30-year yield dropped to 4.805% this week yet increased for six of the past eight months, reaching 4.886% at July's end. These shifts occur as investors await the upcoming nonfarm payrolls report, expected to reveal a slowing labor market. New U.S. tariffs announced by President Trump have added to market uncertainty. Analysts see modest job market softening as supportive of a 'soft landing,' while the breadth of job creation is watched for signs of economic resilience. Treasury yields remain well above their 52-week lows amid persistent economic uncertainty.