Treasury prices took a breather after rising all week.
Prices and yields were relatively flat Friday. Investors weren't ready to abandon the safety of U.S. Treasury bonds even after an optimistic economic survey from Germany, which sent stock markets higher in Europe and in the U.S.
That's because Spain and Italy's 10-year bonds were hovering just under 6 percent and investors are waiting for key figures from the European Union on government deficits in the bloc's 27 countries, which comes Monday. Italy and Spain, the eurozone's No. 3 and 4 economies, are generally seen as too big to bail out _ limiting the options of the currency union which has already spent billions rescuing Greece, Ireland and Portugal.
The price of the benchmark 10-year U.S. Treasury note edged up 6 cents for every $100 invested, and its yield fell to 1.96 percent from 1.97 percent late Thursday.
For much of the week, traders responded to rising worries about the European financial crisis by buying Treasurys, which pushes U.S. interest rates down.
The price on the 30-year bond remained unchanged and its yield was 3.12 percent.
The yield on the two-year note fell slightly to 0.26 from 0.27 percent. And the three-month T-bill paid a yield of 0.07 percent.