Manufacturing Sector: Treasury Market and Months Investors

manufacturing sector: Data out Tuesday on durable-goods orders, however, helped temper optimism, after the Commerce Department said they fell 1.6% in the month of February, while a key gauge of business investment also fell by 0.1%, the third decline in four months, according to Market Watch. Investors also kept an eye on the Treasury market. What's drove the market Investors took a bit of a breather Tuesday, after a Monday rally that saw the Dow rally 301 points, or 1.2%, while the S&P 500 rose 1.1% and the Nasdaq COMP, 0.60% gained 1.2%. Stocks got off to a strong start after a purchasing index reading for China pointed to the first expansion in activity in the country's manufacturing sector in four months, which was followed by a stronger-than-expected reading for the Institute for Supply Management's U.S. manufacturing index. A closely watched measure of the yield curve the spread between the yield on the 10-year Treasury note TMUBMUSD10Y, -0.60% and the 3-month Treasury bill TMUBMUSD03M, -0.22% turned negative, or inverted, on March 22. Read Why the world's biggest bond investor is dismissing the yield curve's recession warning After rising for three consecutive sessions, Treasury yields retreated 1.8 basis points to 2.478%, as investors worried about rising uncertainty surrounding Britain's planned exit from the European Union. Such an inversion is viewed as a reliable warning of a potential recession a year or more in the future. (news.financializer.com). As reported in the news.