So, you have:
z := 175 // 0xaf
That is the unicode code point for the character: ¯
The following line of code will then take the value and treat it as a unicode code point (rune) and turn it into a utf-8 encoded string:
out := string(z)
In utf-8 encoding, that character would be represented by two bytes: []byte(0xc2, 0xaf)
So, the bytes you see are the Go string's utf-8 encoding.