NEW YORK (MarketWatch) -- Short-term Treasury prices remained higher Friday, pushing yield down, after a government report said personal spending rose less than expected and income rose more than predicted in May. Yields on 2-year notes (UST2YR 1.12, -0.08, -6.83%) slid 3 basis points to 1.10%. Consumer spending rose 0.3% in May, while analysts expected a 0.4% gain. Personal incomes jumped 1.4%, much more than the 0.5% anticipated, due to stimulus checks. Treasurys are headed towards a rally for the week, after the government garnered plenty of demand at its three auctions of $104 billion in debt.
