10-Year Yield Dips with Close of Roller Coaster Quarter

U.S. Treasuries have risen during the week with the 10-year yield dipping 11 basis points to 2.74%, the lowest level since late January. Yields fell on Wednesday as data showed U.S. consumer spending lagged behind income growth. The arrival of the holiday will be a relief for the market following a roller coaster quarter in which stellar global equity gains gave way to a volatility blowup in February and a technology-led rout in recent days.