US Treasury bond yields gain

Yields on US Treasury bonds were higher and prices fell on Friday as investors put their money into equities markets instead of bonds. In addition, new economic data released during the week has tended to hurt the chances that US interest rates will fall later in the year. Among bond-negative data was Friday’s report from the Reuters/University of Michigan Surveys of Consumers had May consumer sentiment higher than in April.

Two-year Treasury bonds were yielding 4.82 percent in early afternoon trade in New York, up from 4.79 percent late Thursday. Five-year paper was at a yield of 4.71 percent after yielding 4.68 percent on Thursday. Ten-year issues were at 4.78 percent after yields were as high as 4.79 percent earlier in the session and up from Thursday’s late yield of 4.76 percent. Thirty-year bonds yielded 4.94 percent on Friday afternoon.

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