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Treasurys rally after weaker-than-expected ISM data

Sunny Oh

Treasury prices rose Tuesday, dragging yields lower, after the latest assessment of the service sectors’ health was weaker-than-expected, adding to concerns the economy is slowing in the face of global crosscurrents. The 10-year Treasury note yield (BX:TMUBMUSD10Y) fell 2.2 basis points to 2.702%, while the 30-year bond yield (BX:TMUBMUSD30Y) slipped 2.5 basis points to 3.033%. The 2-year note yield (BX:TMUBMUSD02Y) was down a single basis point to 2.522%.