Summary Box: Treasurys buffeted by economic data; Fed official makes case for action

Summary Box: Treasurys flat following reports

INCOME UP: The government reported that personal income rose in August. The good news: the 0.5 percent income gain was the fastest pace in five months. The bad news: nearly half of the increase came from unemployment benefits.

FED SPEAK: William Dudley, president of the Federal Reserve’s New York bank, argued for the Fed to take added steps to help the economy. He said lowering interest rates, through buying bonds, could bolster house prices and encourage spending.

FLAT TRADING: The yield on the benchmark 10-year note wound up at 2.51 percent Friday, the same as the day before.