Yields and prices have an inverted relationship and one basis point equals 0.01%.
ET, the yield on the 10-year Treasury was down by more than 1 basis point at 4.246%.
U.S. Treasury yields fell on Friday as investors fretted over the possibility of further interest rate hikes following the release of fresh economic data.
The central bank has followed a restrictive monetary policy approach since early 2022, which has included a series of interest rate hikes.
Investors are also gearing up for key data releases next week, including the latest consumer and producer price index reports.
Organizations:
Treasury, U.S, Federal Reserve