U.S. Treasurys yields dipped on Friday, but remained off recent multi-week lows, as traders reverted to buying U.S. government bonds on accommodative central bank policies in the United States and Europe.
Traders who had taken some profits on Thursday after Wednesday's dramatic price gains, which came after the Federal Reserve suggested it was pursuing a less aggressive timeline for raising interest rates, bought back Treasurys.
"People are adding to positions," said Ian Lyngen, senior government bond strategist at CRT in Stamford, Connecticut. Yields move inversely to prices.
Traders were comfortable buying Treasurys on the view that the Fed would likely keep rates low until at least September, analysts said. Yields on 10- and 30-year Treasurys were still off nearly six-week lows hit early on Thursday.
German 10-year Bund yields hit a fresh record low of 0.168 percent in the wake of the European Central Bank's recent bond-buying program, drawing overseas investors into higher-yielding U.S. government bonds and contributing to the decline in U.S. yields.