US Treasury bond yields drop

Prices for US Treasury bonds were higher on Friday on declining consumer sentiment, benign inflation figures and weaker than anticipated industrial output data. Core inflation was at 2.2 percent in May, below the 2.3 percent analysts had been expecting and nearing the Federal Reserve’s target of between 1 and 2 percent.

Two-year Treasury bonds were yielding 5.07 percent, down from Thursday’s yield of 5.1 percent, while ten-year paper dropped from 5.23 percent on Thursday to a yield of 5.18 percent on Friday. Meanwhile, thirty-year notes yielded 5.27 percent, a decline from 5.31 percent late Thursday.

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