US Treasurys lower; 10-year yield hits highest level since late March

U.S. sovereign bond prices were lower changed Friday as markets digested the release of flash PMI data.

The yield on the benchmark 10-year Treasury note, which moves inversely to its price, were higher at 1.8809 percent, while the yield on the 30-year Treasury bond was also higher at 2.6997 percent. U.S. 10-year yields also hit their highest level since March 29.

The two long-term yield have also gained more than 10 basis points this week.

Symbol
Yield
 
Change
%Change
US 3-MO
---
US 1-YR
---
US 2-YR
---
US 5-YR
---
US 10-YR
---
US 30-YR
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Wall Street stocks slumped Thursday, with the Dow and S&P 500 breaking a three-day winning streak to close lower by 0.63 percent and 0.52 percent, respectively. European stocks were also trading lower, following a mixed session in Asia on the back of a batch of mixed earnings.

Global equities continued the downward trend Friday.

Flash estimates of Markit's manufacturing purchasing managers index (PMI) for April came at 50.8, below the expected reading of 52.0.

No major auctions are expected.