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Treasurys edge up, paring week's decline

NEW YORK (MarketWatch) -- Treasury prices edged up Friday, pushing yields down, giving back a little of the prior session's decline, though bonds are still down for the week. While activity out of Europe remains in the spotlight, analysts also pointed to more compelling U.S. data next week - including the monthly payrolls report - and a reasonably successful end to the government's auctions this week. Bond trading is expected to end early ahead of the Memorial Day holiday on Monday, when markets will be shuttered. For Friday, the only U.S. data coming up is a final reading on consumer sentiment for the month. "The bottom line is that we are entering a long weekend and supply is behind us with big data next week," said strategists at CRT Capital Group. "This doesn't seem the point in time to make a bearish bet." Yields on 10-year notes , which move inversely to prices, fell 2 basis points to 1.76%.