Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York on December 16, 2025.

The 10-year Treasury yield was less than a basis point lower at 4.177%. The 2-year Treasury note was up more than 1 basis point to 3.505% while the 30-year bond yield moved 1 basis point lower to 4.848%.

U.S. Treasury yields were little changed on Friday after the latest jobs report showed a mixed picture of the U.S. labor market.

The December nonfarm payrolls report showed a stable, albeit softening, labor market that may still lead the Federal Reserve to cut interest rates, perhaps as early as the Spring. The U.S. economy added 50,000 new jobs last month, weaker than expected, but the unemployment rate dipped to 4.4%. Economists polled by Dow Jones had expected 73,000 new jobs last month, and the unemployment rate to have dropped to 4.5%.

Fed funds futures are pricing in a 32% likelihood of two quarter point cuts by the end of the year, a little higher from the prior day, according to the CME FedWatch Tool. However, odds of an earlier cut in April fell to 47% from 53%.

"We continue to see an environment where companies are slow to hire and slow to fire," said Art Hogan, chief market strategist at B. Riley Wealth. "The overarching takeaway in today's report is that there is more good news than bad in the first on-time jobs report in three months."

Monthly nonfarm payroll reports had been delayed and compromised by the lengthy federal government shutdown in October and November.

Later Friday, investors will monitor whether the U.S. Supreme Court upends President Donald Trump's tariff policy in a decision that will affect trade policy and the country's fiscal position. It's not certain that the high court will come to a ruling, but it has scheduled Friday as the first "decision day" of the current term.

Additionally, investors are watching developments on Trump's instructions to his representatives on Thursday to buy $200 billion in mortgage bonds, which he argued will drive down home lending rates and monthly payments.

— CNBC's Jeff Cox and Michelle Fox contributed to this report.