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US Treasurys higher after data disappoints

U.S. sovereign bond prices edged higher Friday as investors digested fresh data including industrial production and consumer sentiment figures.

The yield on the benchmark 10-year Treasury note, which moves inversely to its price, moved lower to 1.7493 percent, while the yield on the 30-year Treasury bond was lower at 2.5610 percent.

Industrial production figures came in weaker than expected, showing a 0.6 percent fall in March. Capacity utilization rate data was also weaker than expected at 74.8 percent.

Symbol
Yield
 
Change
%Change
US 3-MO
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US 1-YR
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US 2-YR
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US 5-YR
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US 10-YR
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US 30-YR
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That's alongside preliminary consumer sentiment for April which came in at 89.7, below the expected reading of 92.0.

Later this evening, Treasury Secretary Jack Lew is will hold a press conference after attending the Spring Meetings of the International Monetary Fund and the World Bank.

No major auctions are scheduled.