US yields pare fall in early US trading

NEW YORK: The yields on US medium and longer-dated Treasuries pared their earlier drop in early US 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 8:27 a.m. (1227 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.