U.S. government debt prices ticked lower on Friday as investors looked ahead to nonfarm payroll numbers expected later in the day.
Meanwhile, risk sentiment was also helped by upbeat U.S. economic data on Thursday. U.S. private payrolls increased at their fastest pace in four months in August, according to ADP. The numbers came amid speculation that the decade-long economic expansion is coming to an end. The New York Federal Reserve puts the chance of a recession at 39% in the next 12 months, the highest level since the Great Recession that ended in mid-2009.
On the data front, investors will be keeping an eye on August nonfarm payroll and unemployment data that will be released at 08:30 a.m. ET, where investors will look for signs about the health of the U.S. economy. Oil prices, meanwhile, rose in the early European trading hours following an earlier dip, with international benchmark
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