Treasuries were steady after minor gains Thursday. This did little to reverse the heavy selling of the past few weeks that left October as the worst month for Treasuries in two years. Those losses reflected a rethink on US interest rates given signs of resilience in the economy. An index of dollar strength was little changed after falling Thursday.

Australia’s 10-year bond yield rose to an 11-month high.

Weekly US jobless claims fell more than expected, according to figures released Thursday, indicating a robust employment market, and less reason for the Federal Reserve to cut rates. Friday’s nonfarm payroll figures are expected to show 100,000 jobs added to the US economy in October.

The pound was steady Friday after weakening alongside UK bonds and stocks Thursday as investors dumped British assets on inflation fears following the new Labour government’s budget.

Back in Asia, the yen was steady Friday after climbing as much as 1% against the greenback Thursday. The gains followed comments from Bank of Japan Governor Kazuo Ueda that currency markets have had a major impact on the economy, pointing to another potential rate hike in coming months.

Elsewhere, China’s residential property sales rose in October, the first on-year increase of 2024. The moves came after authorities unleashed their strongest package of measures, including cutting borrowing costs on existing mortgages, relaxing buying curbs in big cities and easing downpayment requirements.

Data set for release in Asia Friday includes China Caixin manufacturing PMI, Indonesian inflation and Hong Kong retail sales.