Treasurys are ending the week on a strong note after the Federal Reserve's commitment to low interest rates and on news that U.S. economic growth is moderate, both of which make bonds attractive.
U.S. stocks retreated early Friday as jittery investors digested a weaker-than-expected economic growth report and as Europe's debt crisis still looms in the background.
Stocks were mostly lower Friday after the government reported the U.S. economy grew at a slower pace than economists had expected in the fourth quarter.
Asian stocks have failed to make much headway Friday after disappointing Japanese corporate earnings and U.S. home sales - considered crucial to an economic recovery - were weaker than expected.
The broad asset rally which the U.S. Federal Reserve inspired by pledging to keep rates low decelerated on Friday as investors awaited the outcome of Greek debt talks and U.S. gross domestic product data.
