US Treasury yields drop across the curve on Friday amid growing speculation that the Iran-Oman deal is about to be sealed, which has so far pushed energy prices lower, while investors also digest a weak Nonfarm Payrolls report in the US. Meanwhile, money markets are indicating a lower likelihood that the Federal Reserve (Fed) will hike rates in September. In July, US Nonfarm Payrolls declined by 23K jobs, falling short of the expected 80K increase. While this data backs the Fed’s decision to pause rate hikes, the Unemployment Rate decreased slightly from 4.2% to 4.1%. US 10-year Treasury yield chartUS 10-year Treasury yield chart