Rally in Treasuries Continues

Treasury prices were continuing their recent rally early Friday, with the long bond posting the biggest gain.

The 10-year note was up 5/32 in price to 99 16/32, yielding 4.69%, and the 30-year was rising 8/32 to 99 12/32, yielding 4.79%.

Among the short maturities, the two-year was fractionally higher at 100 3/32, yielding 4.82%, and the five-year was tacking on 2/32 to 100 11/32, yielding 4.67%. The three-year was up 1/32 to 100 4/32, yielding 4.71%.

In the currency market, the dollar was mainly stronger. Lately, it cost $1.3110 to buy a euro, down from $1.3147 previously. The greenback rose to 119.38 yen from 119.30 Thursday, and the pound slipped to $1.9480 from $1.9544.

The dollar was also advancing against the Swiss franc and the Canadian dollar but was slightly weaker vs. the Australian dollar.