The recent decline in US Treasuries sales has halted after the release of a weaker-than-expected ISM services report for November. This report has raised expectations for a Federal Reserve interest rate cut this month.

The report indicated a slowdown in service-sector activity, causing yields to retreat from their session highs. Short-term Treasury yields, especially the two-year note, which is more sensitive to changes in Fed policy, experienced a significant decrease. The yield on the two-year note dropped by approximately three basis points to 4.15%, reaching its lowest level in a month. This change reflects the market's response to the economic data ahead of upcoming remarks from Federal Reserve Chair Jerome Powell.