Treasury prices are soaring as investors seek shelter from the latest market turmoil caused by worries about the euro.

Traders are dumping stocks and other risky assets because of concerns that the deep spending cuts being called for in Europe will slow down the continent's economy. The Dow Jones industrial average plunged about 200 points.

The increasing concern about the health of Europe's economy overshadowed upbeat reports on the U.S. economy.

The yield on the 10-year Treasury note that matures in February 2020 is down to 3.43 percent Friday from 3.53 percent.