Treasury yields fell on Friday after a top Federal Reserve official said the central bank was getting closer to reaching its neutral overnight rate.
The yield on the benchmark 10-year Treasury note was lower at 3.072 percent, while the two-year note yield traded at 2.808 percent. Bond yields move inversely to prices.
In an interview with CNBC's Steve Liesman, Fed Vice Chair Richard Clarida said the Fed is close to being "neutral" on interest rates. Clarida also said the central bank needs to be data dependent when hiking rates in the future.
"As you move in the range of policy that by some estimates is close to neutral, then with the economy doing well it's appropriate to sort of shift the emphasis toward being more data dependent," Clarida said during a "Squawk Box" interview, his first public comments since being confirmed in September.
Investors also bought Treasurys amid political turmoil over Brexit and uncertainty surrounding the outcome of U.S.-China trade talks.