The US treasury market experienced a late rally on Friday, driven by weak economic data and lower consumer inflation expectations. The yield on 10-year notes declined for the sixth consecutive week as traders sought safer investments amid declining stock prices. The drop in yields was partly attributed to concerns about long-run inflation, which reached its highest level since 1995.
Source: https://www.bloomberg.com/news/articles/2025-02-21/surge-in-us-treasuries-sends-10-year-yields-to-two-week-low