WASHINGTON -- Treasury notes and bonds rallied Friday after the government released its advance third-quarter gross domestic product report, which wasn't as bad as the market had feared.

The long bond climbed the better part of a point and was quoted at 94 19/32 late Friday, pushing the yield down to 7.97% from Thursday's 8.04%. Meanwhile, 10-year notes climbed about 1/2 of a point to 96 7/32, pushing the yield down to 7.80%.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.