Treasuries came under pressure again yesterday, with the 30-year yield edging up one bps to 4.98%. — Bloomberg
NEW YORK: Treasuries have dropped, following a slump in longer-maturity European debt, with the US 30-year yield climbing toward 5% at the start of a month historically tough for long bonds.
Longer-maturity yields climbed about three basis points (bps) on Tuesday, trading off their session highs after ISM manufacturing data showed weakness in overall activity, employment and prices paid.
