Treasury prices rose slightly Friday as yields at the highest since November attracted investors still concerned that the economy will take a long time to recover from the recession. Ten-year note yields , which move inversely to prices, fell 1 basis point to 3.36%, after reaching 3.30% earlier. Yields closed Thursday at the highest since Nov. 24. Traders also noted the Federal Reserve Bank of Boston President Eric Rosengren said the U.S. recovery would be slow and deflation is a bigger threat than inflation. Inflation is a major concern of all bondholders because it erodes the value of fixed payments. Bond trading may be thin and volatile as there is no scheduled data and bond trading will end early ahead of the Memorial Day holiday.
