Trading activity opened on a slow note Friday morning, after a week of negative headlines stemming from Puerto Rico, ahead of a three-day holiday weekend.

The bond markets are closed Monday for Columbus Day.

"It's terribly quiet," a New York trader said. "It's a Friday before the holiday. Everyone is just going through the motions right now."

On Thursday, yields on the triple-A Municipal Market Data scale ended as much as four basis points higher. The 10-year and 30-year yields rose four basis points each to 2.60% and 4.18%, respectively. The two-year yield fell two basis points to 0.35%.

Yields on the Municipal Market Advisors benchmark scale also ended as much as four basis points higher. The 10-year yield increased two basis points to 2.74% and the 30-year yield climbed three basis points to 4.33%. The two-year was steady at 0.55% for the third session.

Treasuries were stronger Friday morning after a mostly weaker session Thursday. The benchmark 10-year yield slid four basis points to 2.65% and the 30-year yield fell five basis points to 3.70%. The two-year was steady at 0.35%.

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