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US Treasury yields jump after manufacturing data

United States Treasury yields increased on Monday as traders examined the latest set of manufacturing data reports that showed mixed results.

All incoming data, as well as the latest developments in the commercial banking world, will be watched closely as the Federal Reserve starts its two-day monetary policy meeting on Tuesday and is firmly expected to raise the federal funds rate by a quarter of a percentage point.

The return on the 10-year Treasury note rose by 9.1 basis points to 3.543% at 11:34 am ET. The yield on the two-year note advanced by 7.3 basis points to 4.137% a minute later. The return on the 30-year bond surged 11.1 basis points to 3.788% at 11:35 am ET.

Baha Breaking News (BBN) / MS