U.S. government debt yields moved lower Friday as investors digested more somber economic data.
The yield on the benchmark 10-year Treasury note fell 2 basis points to 0.595% while the yield on the 30-year Treasury bond also declined 4 basis points to 1.256%. Yields move inversely to prices.
Consumer spending tumbled a record 16.4% in April as the backbone of the U.S. economy retrenched amid the coronavirus pandemic, according to a government report Friday.
