Treasuries initially extended the strong upward move seen over the two previous sessions but gave back ground over the course of the trading day on Friday.
Bond prices pulled back well off their best levels but managed to close modestly higher. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 2.6 basis points to 3.380 percent after hitting a six-month intraday low of 3.295 percent.
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