TREASURIES-Bonds turn flat to slightly higher
NEW YORK, July 1 (Reuters) - U.S. Treasuries briefly turned flat to slightly higher on Monday after erasing early losses on news that the ISM manufacturing report's employment index slipped in June.
The benchmark 10-year Treasury note, down 9/32 before the report came out, briefly traded unchanged on the day before slipping 1/32. The 30-year Treasury bond was up 3/32, yielding 3.49 percent.
U.S. manufacturing activity grew in June but hiring in the sector was the weakest in nearly four years, the Institute for Supply Management said on Monday.
The ISM index of national factory activity in June rose to 50.9 from 49.0 in May, a touch above expectations, but a measure of employment fell to 48.7, the lowest reading since September 2009.
(Reporting by Ellen Freilich; Editing by Chizu Nomiyama)