周五，10年期美国国债收益率攀升至4.23%以上，连续第二天上涨，因为投资者期待4月份的就业报告，以寻找不断变化的贸易动态如何影响更广泛经济的线索。周四的ISM制造业报告加剧了人们的担忧，显示工厂活动以五个月来最快的速度萎缩，在需求疲软的情况下，产量出现了自2020年以来的最大跌幅。此前公布了一系列疲软数据，包括第一季度国内生产总值收缩和每周申请失业救济人数增至24.1万人，为2月以来的最高水平，这引发了劳动力市场降温的危险信号。在贸易方面，中国宣布正在考虑与美国进行贸易谈判，此前华盛顿方面一再进行接触。唐纳德·特朗普总统还对与印度、日本和韩国的潜在贸易协议表示乐观，并重申他对与中国达成协议的信心。

The yield on the 10-year U.S. Treasury note climbed above 4.23% on Friday, marking a second consecutive day of gains as investors looked ahead to the April jobs report for clues on how evolving trade dynamics are influencing the broader economy. Thursday’s ISM manufacturing report added to concerns, showing factory activity contracted at the fastest pace in five months, with output posting its steepest decline since 2020 amid weakening demand. This followed a string of soft data, including a contraction in first-quarter GDP and a rise in weekly jobless claims to 241,000—the highest level since February—raising red flags about a cooling labor market. On the trade front, China announced it is considering trade talks with the U.S. following repeated outreach from Washington. President Donald Trump also expressed optimism about potential trade deals with India, Japan, and South Korea, and reaffirmed his confidence in reaching an agreement with China.