Bonds

US yields fall; JGB, German bund yields hit record lows

Traders in the 10-year bond options pit at the Chicago Board of Trade signal orders.
Frank Polich | Reuters

U.S. government debt prices were higher on Friday as investors digested consumer sentiment data while overseas bond yields hit fresh record lows.

The yield on the benchmark U.S. 10-year Treasury note, which moves inversely to its price, sat lower at 1.6413 percent, while the yield on the 30-year Treasury bond was also lower, at 2.4538 percent. Two-year note yields also fell, last trading at 0.7305 percent.

Japanese government bonds rose, pushing he 10-year JGB yield 2 basis points lower to minus 0.150 percent, after earlier setting a record low of minus 0.155 percent.

British and German sovereign debt yields fell to record lows on jitters ahead of about Britain's referendum on European Union membership later this month, as well as the European Central Bank's commencement of its corporate bond purchase program.

In afternoon U.S. trade, a poll by The Independent showed the "leave" camp gained a lead over the "remain" camp."

Treasurys


Consumer sentiment data showed attitudes are solid so far this month.

The Index of Consumer Sentiment hit 94.3 in June, the University of Michigan said Friday. Economists expected the index of consumer sentiment to hit 94 in June's preliminary reading, compared with 94.7 in May's final reading.

Thursday saw Treasury Department auction $12 billion in 30-year bonds at a high yield of 2.475 percent. The bid-to-cover ratio, an indicator of demand, was 2.42, above a recent average of 2.34.