Analyst: U.S. Treasury bond yields are falling; the Federal Reserve may cut interest rates in December.

The yield on US Treasury bonds fell, continuing the decline from Thursday, as the delayed September jobs report sent conflicting signals. Scott Helfstein of Global X stated in a report, "The September jobs data was better than expected, which may intensify concerns about the Fed's bias towards tightening." The ETF company's head of investment strategy stated, "We still believe these concerns are somewhat overblown, as the Fed is worried about the labor market amidst slowing inflation." According to data from the London Stock Exchange Group, the money markets reflect a 27% likelihood that the Fed will cut interest rates by 25 basis points at the December policy meeting. Tradeweb's data shows that in Asian afternoon trading, the yields on 2-year and 10-year US Treasury bonds fell by 1 basis point each, to 3.546% and 4.093% respectively.