Bonds climb heading into weekend
Treasuries rise on hints by Fed officials that rate hike campaign is winding down; dollar falls.


NEW YORK (CNNMoney.com) - Treasury prices closed higher Friday, rebounding from previous session losses as investors digested hints by Federal Reserve officials that its rate hike campaign is coming to a close.

The dollar lost against the euro and yen.

The benchmark 10-year note rose 5/32 to 101-04/32 to yield 4.36 percent, down from 4.37 percent late Thursday. The 30-year bond climbed 12/32 to 112-21/32 to yield 4.52 percent, down from 4.54 the previous session. Bond prices and yields move in opposite directions.

The two-year note was up one tick, yielding 4.36 percent, while the five-year note rose 3/32, yielding 4.29 percent.

On Thursday Janet Yellen, the San Francisco Fed president, was one of several Fed officials to hint that the central bank was close to the end of its rate hikes.

"Given what I know and what I've seen about the economy, based on the data, probably yes," she said.

Atlanta Fed President Jack Guynn echoed her comments, noting that the Fed has "got policy recalibrated about right."

Investors have been looking for economic signals in an effort to determine whether the Federal Reserve's 18-month monetary-tightening campaign is drawing to a close.

Even though comments by several central bank officials looked like an end is in sight for rate hikes, Thursday's unexpected drop in jobless claims forced investors to rethink their overall view, sending bond prices lower.

In currency trading, the euro bought $1.2135, up from $1.2094 late Thursday. The dollar bought ¥115.30, down from ¥115.44 the previous session.

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For updated bond charts, click hereTop of page

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.