U.S. Government Bonds Strengthen on Soft Economic Data

U.S. government bonds strengthened Tuesday as investors responded to a batch of soft economic data.

In recent trading, the yield on the 10-year Treasury note was 2.266%, according to Tradeweb, compared with 2.292% Monday. Yields fall as bond prices rise.

Traders bought government debt after Institute for Supply Management said its index of U.S. manufacturing activity fell to 56.3 in July from 57.8 in June. Reports from U.S….

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