U.S Yields Pare Fall in Early U.S Trading

The yields on U.S. medium and longer-dated Treasuries pared their earlier drop in early U.S. trading on Friday after they hit three-week lows in step with their European counterparts in reaction to the euro hitting a 23-month high versus the dollar.

At 9:48 a.m. (1448 GMT), benchmark 10-year Treasury yield was down 2 basis points at 2.246 percent after it reached 2.237 percent, which was the lowest intraday level since June 29, Reuters data showed.

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