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UST yields edged lower on Friday amid resilient labor data and improved consumer sentiment. The 10Y closed at 4.23% (-2bp), 2Y at 3.59% (-1.2bp), 5Y at 3.82% (-2.1bp), and 30Y at 4.83% (-1.1bp); 2s10s spread steady at +63.1bp, 5s30s at +100.2bp. Initial jobless claims printed 200k (week ending Jan 17, vs prior 199k), while Michigan sentiment final rose to 56.4 (5-mth high) with 1Y/5Y+ inflation expecs easing to 4.0%/3.3%; Trump reiterated Powell criticisms. US IG/HY CDS and iTraxx Main/Xover steady; today’s 10Y range 4.20-4.25%, ahead of durable goods (tonight) and $69B 2Y auction (early Tue).