US Yields Falling Following Weakest ISM Manufacturing Since June

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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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu