NEW YORK (CNNMoney.com) -- A weaker-than-expected government report on the economy sent investors flocking back into Treasurys Friday, pushing the prices up on U.S. debt and driving yields down.
What prices are doing: The benchmark 10-year note rose 25/32 to 105-2/32, with a 2.9% yield. Bond prices and yields move in opposite directions.
The 30-year bond rose 1-28/32 to 106-30/32 and its yield rose to 3.98%. The 2-year note inched up 2/32 to 100-5/32 and yielded 0.56%, while the 5-year note edged up 12/32 to 100-24/32 and a 1.6% yield.
What's moving the market: The Commerce Department sparked concerns about the recovery when it reported gross domestic product, the broadest measure of the nation's economic activity, rose at a slower rate than expected in the three months ended June 30.
Investors view Treasurys as a low-risk buy during times of economic uncertainty, so the news increased the safe-haven appeal of the government bonds.
Numbers that continue to show the economic recovery may be loosing steam continue to make a case for owning Treasurys, Kevin Giddis, managing director of fixed income at Morgan Keegan, said in a note to investors. 
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.89% | 3.88% | |
| 15 yr fixed | 3.21% | 3.21% | |
| 5/1 ARM | 2.87% | 2.88% | |
| 30 yr refi | 3.96% | 3.96% | |
| 15 yr refi | 3.30% | 3.29% |
Today's featured rates:
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,801.23 | -89.23 | -0.69% |
| Nasdaq | 2,903.88 | -23.35 | -0.80% |
| S&P 500 | 1,342.64 | -9.31 | -0.69% |
| Treasuries | 1.97 | -0.08 | -3.81% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 8.07 | -0.11 | -1.34% |
| Cisco Systems Inc | 19.90 | -0.10 | -0.52% |
| Ford Motor Co | 12.44 | -0.25 | -1.97% |
| General Electric Co | 18.88 | -0.26 | -1.33% |
| Microsoft Corp | 30.50 | -0.28 | -0.89% |
|
Now that the complex deal negotiations are over, many foreclosures that had been stuck in limbo will proceed. More |
Obama's 2013 budget will include many tax proposals he has offered before. One new addition is the Buffett Rule, but don't expect much more detail. More |
Buzzy social network Pinterest got caught in a disclosure controversy after users found affiliate links slipped into their pins. More |
One family-owned Chicago pizzeria is helping to make love connections nationwide with heart-shaped pizzas on Valentine's Day. More |
Hoping to cut their losses, banks are paying delinquent homeowners up to $35,000 in incentives to sell their homes in short sales and avoid foreclosure. More |
.
