The yields of US Treasury bonds have mostly declined, influenced by the fall in oil prices.

During the Asian trading session, as oil prices fell from their spike on Thursday, most US Treasury yields dropped. Brent crude oil was last reported at $107.12 per barrel, lower than the intraday high of $119.13 set on Thursday; Thursday's spike in oil prices was due to escalating attacks on energy infrastructure in the Gulf region. Michael Brown of Pepperstone stated in a report that market focus will continue to be on geopolitical dynamics, "with the weekend approaching, participants are likely to once again seek to reduce their risk levels." According to data from Tradeweb, the two-year US Treasury yield fell by 3.7 basis points to 3.794%; the 10-year US Treasury yield fell by 0.6 basis points to 4.275%; while the 30-year US Treasury yield remained essentially stable at 4.856%.