U.S. bond yields extend slide on economy fears

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

What’s happening

• The yield on the 2-year Treasury note
  TMUBMUSD02Y,
  2.999%
  fell 6 basis points to 3.04%.

• The yield on the 10-year Treasury note
  TMUBMUSD10Y,
  2.809%
  also fell 6 basis points, to 2.82%.

• The yield on the 30-year Treasury bond
  TMUBMUSD30Y,
  3.012%
  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.