Treasuries Rise on Weak US Manufacturing, Bullish Option Trades

Treasuries rose to kick off the week after a report signaled a weakening US economy, with investors targeting a move in the benchmark 10-year yield below 4% in the coming weeks. Yields closed three to four basis points lower, with the 10 year at 4.16%, following an unexpected drop in the December ISM manufacturing gauge. Yields whipsawed throughout the day in the wake of the US capture of Venezuelan President Nicolás Maduro over the weekend and gyrations in oil prices. The ISM gauge drew a “measured resp ...