Treasurys remained higher Friday, pushing yields down, after a government report said the economy contracted more than economists were bracing for in the fourth quarter. Ten-year note yields fell 7 basis points to 2.93%. Yields were lower earlier as U.S. equity futures pointed to a lower opening as the government is taking a larger stake in Citigroup . Also, bond portfolio managers that try to match benchmark indexes typically buy at the end of the month, when indexes add securities sold during the month to their holdings. The dynamic is particularly strong for Treasurys in the months that include the government's quarterly sales of long-term debt, which includes February. Still to come are more data on manufacturing and consumer confidence and speeches from some Federal Reserve officials.
