NEW YORK, Jan 3 (Reuters) - U.S. Treasury bond yields rose on Tuesday after a stronger-than-expected U.S. manufacturing report for December that reflected a steadily improving economy.
The Institute for Supply Management’s manufacturing PMI index showed a reading of 54.7, compared with market forecasts of 53.6. The employment index was also higher at 53.1 last month, compared with expectations of 52.5.
The 10-year note was last down 21/32 in price to yield 2.508 percent, while yields on 30-year Treasury bonds were at 3.107 percent, rising from 3.090 percent before the ISM data.
Reporting by Gertrude Chavez-Dreyfuss; Editing by Chizu Nomiyama