Bonds
US Treasuries End Week on High Note on Demand for Safer Bets
The US Treasury building in Washington, DC.
Photographer: Stefani Reynolds/BloombergThis article is for subscribers only.
A late rally in the US Treasury market pushed the yield on 10-year notes lower for a sixth-straight week as traders hunt for safety amid lower stock and oil prices.
The advance pushed yields lower across maturities on Friday following unexpectedly weak economic data and an uptick in consumers’ long-run inflation views to the highest since 1995. The yield on 10-year notes later fell by as much as 10 basis points in afternoon trading, echoing losses in equities.