U.S. government debt prices were higher Tuesday, following the release of solid manufacturing data in the U.S. and China.
div > div.group > p:first-child"> The yield on the benchmark 10-year Treasury note fell to 2.476 percent, while the yield on the 30-year Treasury bond dipped to 2.876 percent. Bond yields move inversely to prices.U.S. factory activity expanded last month, data showed, rebounding from its lowest level since late 2016. A separate survey showed China's manufacturing activity also rebounded, expanding at its fastest pace in eight months.
The numbers cooled investor concerns over a potential global economic slowdown Monday, triggering a pivot toward riskier assets.
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