Bond Report: 2-year, 10-year government bond yields hit 2 ½-month lows, amid weaker-than-expected data

U.S. Treasury prices on Friday rallied, pushing yields lower, for the day and week as a batch of weaker-than-expected data pointed to an economy that was cooling, raising fresh worries about a slowdown in global growth that may start to hurt domestic expansion.

The 10-year Treasury note yield TMUBMUSD10Y, -1.54% lost 3.4 basis points to 2.594%, touching its lowest level since Jan. 3, according to Dow Jones Market Data. Meanwhile, the 2-year note yield TMUBMUSD02Y, -0.84% shed 1.4 basis points to 2.594%. The 30-year bond yield TMUBMUSD30Y, -1.08% gave up 2.5 basis points to 3.021%.

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