U.S. government debt yields were lower on Friday morning as U.S. gross domestic product for the second quarter missed economists' expectations.
The U.S. economy grew far less than expected in the second quarter with inventories falling for the first time since 2011, but a surge in consumer spending pointed to underlying strength.
Gross domestic product increased at a 1.2 percent annual rate, the Commerce Department said on Friday. The economy was previously reported to have grown at a 1.1 percent pace in the first quarter. Economists polled by Reuters had forecast GDP growth rising at a 2.6 percent rate in the last quarter.
The yield on the benchmark 10-year Treasury note sat slightly lower around 1.4626 percent, while the yield on the 30-year Treasury bond was also lower at 2.1955 percent.