Bond Report: Treasury yields retreat after lackluster inflation, other economic data

Treasurys prices rose, pushing yields lower on Tuesday as a lackluster round of economic reports bolstered demand for government debt.

The yield on the benchmark 10-year Treasury note TMUBMUSD10Y, -1.86% fell 3.9 basis points to 2.253%, the lowest since July 21, while the yield on the 2-year note TMUBMUSD02Y, -0.30% ticked 0.8 basis point lower to 1.343%. The yield on the 30-year Treasury bond TMUBMUSD30Y, -1.64% known as the long bond, slipped 4.5 basis points to 2.854%. Yields and debt prices move in opposite directions.

Longer-dated Treasurys drew bidders after the Institute for Supply Management said that its index of U.S.

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