Government bond also strengthened earlier in the morning, following the U.S. economic releases that revealed tepid activity, which fueled speculation that the Fed would be patient in hiking rates.
Specifically, the producer-price index for final demand was up 0.1% in July month-over-month, compared to expectations for a 0.2% increase. Additionally, a gauge for manufacturing conditions in the Northeast region softened and an index of consumer confidence for mid-August dipped.
Vanguard Extended Duration Treasury ETF
For more information on the Treasuries market, visit our Treasury bonds category.
Max Chen contributed to this article.