Treasury prices rose Friday, a day after they plunged on news that Europe has agreed on a plan to contain the Greek debt crisis.
The price of the 10-year Treasury note rose 65 cents for every $100 invested, pushing its yield down to 2.33 percent Friday from 2.39 percent late Thursday.
Friday traders came back to buy Treasurys a day after abandoning U.S. government bonds for stocks. U.S. stocks jumped 3 percent Thursday after European leaders announced a deal to strengthen banks, expand a regional bailout fund and reduce Greece's debt. That diminished demand for ultra-safe Treasurys.
Treasury prices turned higher Friday as traders began to scrutinize the deal, which lacks many key details such as how the new fund will work. Economic uncertainty makes Treasurys more attractive because they tend to hold their value when other investments decline.
The price of the 30-year Treasury bond rose $1.44 per $100 invested. That pushed its yield down to 3.38 from 3.43 percent late Thursday.
The yield on the 2-year Treasury note fell to 0.30 from 0.32 percent. The yield on the three-month Treasury bill remained flat at 0.01 percent. Its discount wasn't available.