Bond yields extend slide on U.S. economy fears

Bond yields fell on Friday, extending a decline on concerns the U.S. economy could tip into recession.

What’s happening

• The yield on the 2-year Treasury note
  TMUBMUSD02Y,
  3.041%
  fell 6 basis points to 3.04%. Yields move in the opposite direction to prices.

• The yield on the 10-year Treasury note
  TMUBMUSD10Y,
  2.823%
  also fell 6 basis points, to 2.82%.

• The yield on the 30-year Treasury bond
  TMUBMUSD30Y,
  3.017%
  fell 2 basis points to 3.02%.

What’s driving markets

Thursday provided ample fodder for those who say the U.S. economy is deteriorating.