US bond yields extend drop as ISM US factory data disappoints

NEW YORK: US Treasury yields fell further on Thursday, with 10-year yields sagging below 2pc, in the wake of an industry report that suggested domestic manufacturing growth slowed to its weakest pace in nearly three years in July.

At 10:41 a.m. (1441 GMT), the yields on benchmark 10-year Treasury notes were 11.4 basis points lower at 1.964pc. They touched 1.962pc earlier Thursday which was their lowest since July 5.