Government debt prices rose Friday after a survey of consumer sentiment unexpectedly fell.
Consumer confidence dropped in July to its lowest level since March 2009, according to the Thomson Reuters/University of Michigan survey. Bond traders took it as a sign that consumers are worried about the U.S. economy.
The price of the 10-year note rose 40.6 cents for every $100 invested. The higher price lowered the yield to 2.90 percent from 2.95 percent.
The price of the 30-year Treasury rose 15.6 cents, while the yield remained at 4.25 percent, the same as it was late Thursday. The yield on the 2-year note edged down to 0.35 percent from 0.36 percent.
The yield on the 3-month Treasury bill was 0.01 percent. The discount was 0.01 percent.
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