Treasurys rise as the ISM index shows US factory activity shrinking last month--but more so than the worrisome economic signal pulling down yields is the idea that the Fed might not rein in its bond purchases as soon as this summer--a fear that caused a big part of Treasurys' May selloff. Ten-year notes are now up 17/32, yielding 2.102%, according to Tradeweb. If Friday's jobs report displays a similar pullback in economic conditions, watch for that yield to sink back below 2%. (cynthia.lin@dowjones.com; cynthialin_dj)
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