Treasuries rally amid forecasts on service industry growth in the U.S.

© Scanpix/Reuters

Treasuries advanced from their last week's low as service sector in the U.S. and non-manufacturing industries in China are forecast to expand in October. The yields on 10-year bonds rallied and stood at 33 basis points on the presidential elections tomorrow. Meanwhile, the yields on 10-year notes in the U.S. were 1.71%, and the price for 1.625% note held at 99 7/32. The yield is expected to climb up to 2% by the end of 2012.