Business & Finance

Bond prices trim losses after US factory data

Published Updated

 

The Institute for Supply Management said its US factory index unexpectedly fell to 49.5 in November from 51.7 in October.

 

A reading below 50 indicates manufacturing is contracting.

 

Benchmark 10-year Treasuries prices were 6/32 lower with a yield of 1.634 percent.

 

They were down 8/32 with a 1.642 percent yield prior to the release of the ISM data.

 

Copyright Reuters, 2012