U.S. government debt prices were lower Monday, as investors monitored strong manufacturing numbers out of China.
div > div.group > p:first-child"> The yield on the benchmark 10-year Treasury note rose to 2.444 percent, while the yield on the 30-year Treasury bond climbed to 2.844 percent. The yield on the 3-month bill was marginally higher, at 2.401 percent. Bond yields move inversely to prices.
The news gave some much-needed relief to investors unnerved of late by fears of an economic slowdown. Early last week, bond yields fell and equities slumped with investors worried a U.S. recession could be coming. U.S. officials last week said that China had made proposals on various issues, including forced technology transfers, that go further than previous commitments.
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