Treasuries End Mostly Lower

Treasuries sank, reversing course after a closer look at manufacturing data revealed a brighter economic picture

Treasuries opened strongly, but finished meekly Tuesday after a string of data muddled the fundamental waters on growth and deflation. Early stock weakness set up a pre-data bid, which extended higher after a report that June ISM Manufacturing Index rose only slightly to 49.8, and construction spending plunged 1.7%. But a closer scrutiny of the details proved disappointing to prices at the long-end.

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