Treasurys advance after New York manufacturing worsens

NEW YORK (MarketWatch) - Treasurys rose slightly early Monday, pushing 10-year notes yields down, after a measure of manufacturing activity in the New York region weakened this month. Ten-year note yields fell 5 basis points to 4.21%, with the price at 97 3/32. The Empire State survey index improved to -8.7 this month from -3.2 in May. A negative number indicates the industry is contracting. Concerns about weak earnings and outlooks from some of Wall Streets’ biggest banks this week may also provide a bid for the safety of government debt, analysts said.
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