Treasury yield bounced back from the previous session’s decline, ahead of a gauge of the service sector’s health.
The 10-year Treasury note yield TMUBMUSD10Y, +0.60% picked up 2.2 basis points to 2.744%, while the 2-year note yield TMUBMUSD02Y, +0.16% added 1.2 basis points to 2.557%. The 30-year bond yield TMUBMUSD30Y, +0.18% rose 1.6 basis points to 3.106%. Bond prices move inversely to yields.
Investors are awaiting data on slowing growth in the U.S.’s services industry, considered a more significant driver of the U.S.’s economic engine than manufacturing.
