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Bond Report: Treasury yields rise after upbeat manufacturing report

Treasurys yields rose on Monday after better-than-expected manufacturing data and as investors wrestled with the risk of global trade clashes.

The moves were muted, however, as trading volumes this week are expected to be tepid ahead of the July Fourth holiday, when bond markets will be closed and trading on Tuesday will end at 2 p.m. Eastern.

Read:Which markets are closed on July 4th?

What are yields doing?

The yield on the 10-year Treasury note TMUBMUSD10Y, +0.13% advanced 2 basis point to 2.867%, while the 2-year yield TMUBMUSD02Y, +0.16% edged up 0.2 basis point to 2.2.55%.

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