U.S. Treasury yields edged lower on Friday as investors awaited the latest nonfarm payrolls and unemployment data. According to Sina Finance, the 10-year Treasury yield held at 4.7541%, the 2-year yield stayed at 4.3390%, and the 30-year yield was at 5.2328%.

Traders are watching the August nonfarm payrolls report and unemployment rate, due at 8:30 a.m. U.S. Eastern Time. Economists expect August nonfarm payrolls to rise by 56,000, after July unexpectedly fell by 23,000, while the unemployment rate is expected to remain unchanged at 4.2%.

The report also said U.S. private employers added 38,000 jobs in August, below the market forecast of 47,000. Investors are also focused on a series of inflation data due next week for clues on the Federal Reserve's September 15-16 policy meeting.

U.S. Vice President JD Vance on Thursday publicly called on the Federal Reserve to cut interest rates, saying it would help improve housing affordability.