FED WATCH: Federal Reserve officials decried low inflation and high unemployment, encouraging bond buyers who expect the Fed will purchase more Treasurys to prod the economy.
NOT GOOD ENOUGH: Treasury prices also got support from a lackluster reading of the housing market. The government said housing starts rose a 0.3 percent in September.
THE 10-YEAR: The 10-year note rose 28.1 cents to $101.25, lowering the yield to 2.48 percent. Bond prices and yields move in opposite directions.