U.S. government debt prices were mostly lower on Friday, as investors await key data releases including gross domestic product (GDP).
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AT&T Corp also came to market with a $22.5 billion seven-part debt issue, which includes $12 billion in debt with maturities between 20- and 41-years, according to IFR. U.S. benchmark 10-year Treasury notes fell 8/32 in price to yield 2.31 percent, up from 2.28 percent on Wednesday. Investors also evaluated Fed's Wednesday statement that it expected to start winding down its massive holdings of bonds "relatively soon," despite striking a cautious tone on low inflation.