Treasuries Rise as Dollar Falls Amid Economic Data; Oil Slumps

Treasuries rebounded from a four-month low and the dollar fell after mixed economic data in the world’s largest economy bolstered the case for accommodative monetary policy. Oil retreated. U.S. government bond yields fell and the greenback dropped against most of its major peers after a measure of manufacturing in New York unexpectedly contracted, while the nation’s factory production rose for the third time in four months.

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