April 27, 2018 / 1:18 PM / a month ago

U.S. 10-year yield stays below 3 pct after U.S. Q1 GDP data

NEW YORK (Reuters) - U.S. Treasury yields trimmed their earlier fall on Friday with the 10-year yield remaining below 3 percent following the government’s reading of a stronger-than-forecast 2.3 percent increase in economic growth in the first quarter.

At 8:43 a.m. (1443 GMT), the yield on 10-year Treasury notes was down 0.9 basis point at 2.981 percent, while two-year note yield was 0.8 basis point higher at 2.496 percent.

Reporting by Richard Leong; Editing by Chizu Nomiyama

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