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Bond Report: Treasury yields rise after improved China data stirs global stock-market rally

Treasury prices fell Monday, pushing yields higher, as global stock markets rallied after a robust round of Chinese economic data sapped appetite for haven assets like U.S. government paper.

The 10-year Treasury note yield TMUBMUSD10Y, +1.55% rose 2.6 basis points to 2.441%. The 2-year note yield TMUBMUSD02Y, +1.25% was up 2 basis points to 2.286%, while the 30-year bond yield TMUBMUSD30Y, +1.22% picked up 2.4 basis points to 2.848%. Bond prices move inversely to yields.

China’s manufacturing purchasing managers index rose to 50.5 in March, from 49.2 in the previous month, while its nonmanufacturing gauge also increased to 54.8 in March, from 54.3 in February.

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