Treasuries extended the strong upward move seen in the previous session. Subsequently, the yield on the benchmark ten-year note which moves opposite of its price, slid 4.8 bps to a two-month closing low of 4.05%.
U.S. Treasury yields slipped on Friday after January’s delayed consumer inflation report came in lighter than expected.
The 10-year Treasury yield dropped more than 5 bps to 4.05% while the 30-year Treasury bond yield was trading more than 3 bps lower at 4.69. The 2-year Treasury note yield slid 6 bps to 3.40%.