Treasury 10-Year Yields at Almost at 4-Week Low on Data

Treasury 10-year note yields traded at almost a four-week low after a measure of manufacturing in the U.S. last month was weaker than forecast, increasing demand for safer assets.

U.S. 10-year yields dropped as the Institute for Supply Management’s factory index fell to 51.3 in March from 54.2 a month earlier, the Tempe, Arizona-based group said. Employers may have hired 195,000 workers in March, after a gain of 236,000 in February, according to another report due April 5. The Federal Reserve purchased $3.18 billion in notes today as part of its program to strengthen the economy.