10-year Treasury yield hits 2019 lows as US rates near back-to-back weekly declines

hit its lowest level since early January on Friday as U.S. government debt rates headed for two straight weeks of declines.

At around 9:50 a.m. ET, the yield on the benchmark had dropped to 2.587 percent, while the yield on the also slipped, hovering at 3.01 percent. Bond yields move inversely to prices.