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Treasury yields fall as Chinese data disappoints; traders look ahead to Fed meeting

U.S. government debt prices rose on Friday as traders digested fresh economic data out of China and looked ahead to next week's Federal Reserve meeting. The yield on the benchmark 10-year Treasury note fell steeply to 2.875 percent, while the yield on the 30-year Treasury bond dropped to 3.136 percent. News of the disappointing figures comes as China and the U.S. try to negotiate a trade deal within a 90-day tariffs truce.