Treasury prices soared Monday, sending yields to a fresh 3-month low, after manufacturing data showed a greater-than-expected pullback.
Investors are watching for fresh signals about the pace of the economic recovery this week, culminating with Friday’s jobs report.
After Monday’s manufacturing report, the 10-year note 10_YEAR +0.39% yield, which falls as prices rise, was down 8.5 basis points on the day at 2.579%, its lowest yield since last Oct. 31, according to Tradeweb. The 30-year bond yield fell 8.5 basis points to 3.535%, and the 5-year note yield fell 7.5 basis points to 1.433%.
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