Dow Jones – US Treasury prices fell, pulling yields higher, on Friday, taking a cue from a sell-off in the European government bond market after data showed the eurozone's economic recovery continues apace.
The yield on 10-year US Treasuries rose to 2.376% from 2.333%, while the 30-year bond yield rose to 2.861% from 2.808%.
Strong economic data out of the eurozone underlined the currency bloc's continued recovery. That could mean the European Central Bank (ECB) would become more aggressive in winding down its monetary stimulus program.
The ECB recently pledged to continue asset purchases at €30bn per month from the beginning of 2018, already a marked reduction from the current €60bn per month pace.