Yesterday's national purchasing managers' report showed the economy took a turn for the better in May, and the news caused a wave of selling that pushed Treasury prices lower.

Late in the day, the 30-year bond was off 3/4 point to yield 8.33%.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.