The yield on the US 10-year Treasury note fell 7 basis points to 5.175% on Friday, extending its retreat from a weekly peak above 5.34%, the highest level since 2002. The decline followed a weaker-than-expected September employment report, which showed nonfarm payrolls rising by only 29,000, below all estimates, while payroll figures for the prior two months were revised lower. The unemployment rate rose to 4.2%, adding to evidence of a cooling labor market and more cautious hiring amid elevated costs. Money markets subsequently reduced expectations for an October Federal Reserve rate hike, supporting Treasury prices and pushing yields lower. Brent crude also fell below $100 a barrel, easing concerns about renewed energy-driven inflation and reinforcing the disinflationary backdrop.