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Bond Report: 10-year Treasury yield posts largest weekly drop in more than 2 months

Treasury yields on Friday booked a weekly drop as geopolitical instability kept investors pouring into the perceived safety of government paper, but for the day, rates of government paper rose as a robust raft of economic data suggested U.S. growth would maintain its steady clip, ahead of a key monetary-policy update on Wednesday.

How did Treasurys perform?

The 10-year Treasury note yield TMUBMUSD10Y, +0.00% was up 2.4 basis points to 2.848%, paring the weeklong decline to 4.6 basis points, the largest five-day drop since Dec. 29.

While, the 30-year bond rate TMUBMUSD30Y, +0.00% rose 2.1 basis points to 3.081%, trimming the weeklong fall to 7.8 basis points, also notching its steepest five-day fall since Dec.

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