Treasuries End Higher

The bond market got a lift from better than expected economic data

U.S. Treasuries finished higher on Monday after stronger than expected economic news. The National Association of Purchasing Managers' index, a closely-watched gauge of the health of the manufacturing sector, rose to 44.5 in November from an 39.8 in October, much higher than Wall Street's median forecast of 42. New orders jumped to 48.8 from 38.3 and employment rose to 35.7 from 35.1. Any number below 50, however, still represents a contraction. Standard & Poor's MMS notes that the NAPM says that manufacturing may be picking up, but it's still too early to call the trend a recovery.

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