The yield on the US 10-year Treasury note held around 5.26% on Friday after retreating from multi-decade highs, as concerns over France’s fiscal and political outlook boosted demand for safe-haven assets. However, Treasury yields remained near their highest levels since 2002 amid expectations of further Federal Reserve tightening, signs of resilience in the US economy and growing concerns over the country’s fiscal and debt outlook. Investors now await the September jobs report for further clues on the strength of the labor market. Minneapolis Fed President Neel Kashkari said he remains uncertain about how high interest rates may need to rise to curb inflation, emphasizing that the Fed must take the necessary steps to bring inflation back to its target. Meanwhile, oil prices climbed as the US considered deploying an additional aircraft carrier and 10,000 troops to the Middle East, raising concerns over further disruptions to regional energy supplies and renewed inflation pressures.