MW: Treasurys extend rally on long end; two-year pares gains
By Laura Mandaro
NEW YORK (MarketWatch) -- Long-dated Treasurys piled on more gains early Friday, extending the prior session's rally, which was sparked by negative economic news. In light trading following Thursday's Thanksgiving Day holiday, yields on ten-year Treasurys [s:US10y], which move conversely to prices, fell to 2.9752% from 2.978% Wednesday. The 30-year bond's yield also tumbled, to 3.5133% from 3.523%. The two-year Treasury note gave back some of Wednesday's gains, however. Its yield rose to 1.1191% from 1.112%. Stock futures looked to open slightly lower.
