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Treasury yields lower as investors search for safety amid coronavirus crisis

U.S. government debt prices were higher Friday morning as the coronavirus pandemic continues to drive investors into safer assets.

At around 4:30 a.m. ET,  the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at 1.0322%, while the yield on the 30-year Treasury bond was also down at 1.6109%.

The move in the bond market follows a raft of central bank measures to mitigate the economic impact of the coronavirus.

The European Central Bank, Bank of England and the Federal Reserve have all unveiled further monetary stimulus this week, as the coronavirus brings major economies to a halt.

In terms of data, there will be existing home sales figures at 10 a.m. ET. There are no Treasury auctions scheduled.

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