The two-year note firmed 1/32, with the yield falling to 0.821%. The ten-year note was ticking 0/32 higher, with the yield pushed down to 3.468% and the 30-year bond increased 3/32, lowering the yield to 4.505%. The Federal Reserve Bank of New York President, William C. Dudley, told the press, during a visit to San Juan, Puerto Rico, that the central bank still plans follow through with its $600 billion treasury-buying program. Dudley said the program, expected to conclude at the end of June, was still necessary because of the shaky economic recovery. The policy maker spoke after a strong jobs report was published Friday.
NEW YORK ( TheStreet) -- U.S. Treasury bonds were reversing earlier losses after a key Federal Reserve policy maker reaffirmed the central bank's intention to follow through on stimulus plans, despite more signs that the economy has recovered.
Natural gas futures tumbled Friday on milder weather. Natural gas for May delivery fell 2% to $4.30 per million British thermal units, breaking a two-day winning streak.