The U.S. Treasury market remained steady as traders shifted focus to the upcoming U.S. nonfarm payrolls report for December 2025, set for release on January 10. This report follows the October and November data, which were delayed due to a government shutdown, and is anticipated to provide crucial insights into the labor market. BMO Capital Markets strategists suggest that the data could bolster investor confidence. Additionally, the U.S. Supreme Court is expected to rule on the legality of Trump's global tariffs on the same day, potentially impacting market dynamics. Meanwhile, U.S. Treasury bonds neared a significant milestone, with the 10-year yield relative to the 2-year yield reaching its highest in nearly nine months, reflecting trader expectations of a Federal Reserve rate cut in 2026.