Treasuries Drop Most in More Than Month on Manufacturing
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Benchmark Treasury 10-year notes declined the most in more than a month after U.S. manufacturing expanded in May at the fastest pace this year.
Ten-year notes fell for a third day as a gauge of Chinese manufacturing climbed to a five-month high. The securities extended the drop as the Institute for Supply Management corrected its reported output at U.S. factories in May to a stronger number on an adjustment error. A non-farm payrolls report June 6 is forecast to show the U.S. added more than 200,000 jobs for a fourth month in May.