Treasurys extend rally after report Flynn will testify about Trump

Treasury prices extended their initial climb, pulling yields lower, on Friday after ABC News reported that former National Security Adviser Michael Flynn was prepared to testify about President Donald Trump. Bonds tend to attract safe-haven flows during bouts of market turmoil. The 10-year note yield fell 6.7 basis points to 2.343%. The 2-year note yield ticked down 2.4 basis points to 1.766%. The 30-year bond yield plummeted 8.8 basis points to 2.740%. Bond prices move in the opposite direction of yields.

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From:: Stock Market News

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