Bonds lifted by Wall Street's slide
Investors seek shelter in Treasurys as technology and energy sell-off weighs on U.S. markets; dollar falls against euro and yen.
NEW YORK (CNNMoney.com) -- Declining U.S. stocks sent investors into the safe haven of Treasurys Friday, sending government bond prices climbing across the board.
The dollar gained against the euro and the yen.
The benchmark 10-year note rose 10/32, or $3.12 on a $1,000 note, to yield 4.51 percent, down from 4.55 late Thursday.
The 30-year bond gained 14/32, or $4.37 on a $1,000 bond, to yield 4.65 percent, down from 4.67 in the previous session. Bond prices and yields move in opposite directions.
The five-year note gained 7/32 to yield 4.45 percent, while the two-year note added four ticks to yield 4.55 percent.
Investors sought shelter in Treasurys after energy and technology stocks led the stock market lower Friday and a small morning decline turned into a broad afternoon sell-off.
U.S. stocks plunged on Tuesday, when the Dow post its biggest single-day point loss in more than five years.
"If stocks go out on a really weak note ahead of the weekend, that continues to [spur demand for] the short end of Treasurys," Josh Stiles, bond strategist with IDEAglobal in New York, told Reuters.
In economic news, consumer sentiment fell further than previously estimated in February, hitting a five-month low as concerns over incomes and jobs in a slowing economy weighed on confidence, a survey showed Friday.
The Reuters/University of Michigan Surveys of Consumers said the final February reading of its consumer sentiment index slid to 91.3 from 96.9 at the end of January, which was the highest reading on the index in two years.
In currency trading, the dollar fell against the euro and the yen.
The euro bought $1.3199, up from $1.3186 late Thursday. The dollar bought ¥116.67, down from ¥117.59 the previous session.
--from staff and wire reports