Treasury yields are pulling back from four-month highs as economic worries resurface.
A gauge of manufacturing in New York state sank to its lowest level since April 2009, the latest in a string of weak U.S. manufacturing reports. The Empire State Manufacturing Survey out Monday showed a drop in employment and orders for goods this month.
The yield on the 10-year Treasury note fell to 1.84 percent Monday. That's down from a four-month high of 1.87 percent reached Friday. The price is up 28 cents for every $100.
Weak economic reports often send traders into the Treasury market. Demand for bonds pushes yields down.
Renewed concerns about Europe also pushed traders into Treasurys. European finance ministers remained divided over a new banking union for the countries that share the currency.
