A second factor was the surprising report by the Federal Reserve Bank of Philadelphia.
Manufacturing growth slowed in the region surveyed by the Federal Reserve Bank of Philadelphia.
Treasury prices advanced after a report by the Federal Reserve Bank of Philadelphia showed growth was moderating.
The Federal Reserve Bank of Philadelphia took over the survey in 1990.
Today's survey of regional business activity by the Federal Reserve Bank of Philadelphia should have little impact on the market, traders said.
The report, from the Federal Reserve Bank of Philadelphia, is due on Thursday.
Check processing operations were moved to the Federal Reserve Bank of Philadelphia.
Market participants were encouraged by a report from the Federal Reserve Bank of Philadelphia showing a decline in manufacturing activity.
The bride's father is the president of the Federal Reserve Bank of Philadelphia.
But the market was moved by a report from the Federal Reserve Bank of Philadelphia showing that manufacturing rebounded into plus territory this month.