CNBC Daily Open: Spike in long-term borrowing costs isn’t just about the UK economy

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe  here .

All eyes on U.S. jobs report
The U.S. nonfarm payrolls report for December will be released later Friday. Economists expect it to show an increase of 155,000 jobs, down from 227,000 in November, and the unemployment rate to remain unchanged at 4.2%. Analysts from Goldman Sachs and Citigroup, however, think both numbers will be worse than the consensus forecast.

U.S. markets dark, Europe markets close higher
U.S. markets were closed on Thursday in honor of former U.S. President Jimmy Carter, who died in late December at age 100. Asia-Pacific markets dropped on Friday. Japan's Nikkei 225 declined around 1%, leading losses in the region, as data showed household spending in November falling less than expected. China's CSI 300 lost 1.25% after the People's Bank of China suspended bond purchases.

All-time lows for 10-year Chinese bond yields
Chinese sovereign bonds have seen a strong rally since December, with 10-year yields plunging to all-time lows this month after dropping by about 34 basis points, according to LSEG data. Loan demand from consumers and businesses in China has been lackluster, which has cause banks to scoop up government bonds, pressurizing yields.

Fed governor thinks December's cut should be 'final step'
U.S. Federal Reserve Governor Michelle Bowman said the Fed's December interest rate cut should be its "final step in the policy recalibration phase." That suggests that Bowman, who is a voting member of the Federal Open Market Committee, might oppose further cuts this year. Other Fed