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Bond Report: 10-year U.S. government bond yield hits three-month low as global economic fears take over

Treasury prices rose Friday, pushing yields lower to extend a weekly decline, after a much weaker-than-expected jobs report offered up a potential sign that the global economic slowdown could be making its way to U.S. shores.

The 10-year Treasury note yield TMUBMUSD10Y, -0.31% fell 1.1 basis points to 2.627%, its lowest since Jan. 3, contributing to a weekly decline of 12.8 basis points, its largest fall since Dec. 7.

The 2-year note yield TMUBMUSD02Y, +0.00% fell 0.8 basis point to 2.463%, its lowest since Feb. 8, extending its weekly drop to 9.5 basis points, its largest such move since Dec.

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