US treasury’s 10-year bonds rise 2.5%

US Treasury’s benchmark ten-year bond rose 2/32 higher, a yield of 2.4825, for a third straight session on Tuesday.
Analysts attributed this to off-loading of US stocks that made investors seek flight to safety and concerns over the likelihood of Russia invading Ukraine.
Bond yields fall when their prices rise that’s when investors make their move.
The U.S. 10-year note’s yield is near this year’s low of 2.4% made on May 29. The yield was 3% at the start of January.
Bond prices fell earlier Tuesday as the latest round of US data brightened the economic-growth outlook.
The monthly gauge of the service sector in the US climbed to 58.7 last month, beating economists’ forecast of 56.5. Factory orders for June also posted a larger-than-forecast gain of 1.1%, according to US media reports.