Summary Box: Treasury yields drop on disappointing earnings, economic readings

Summary Box: Treasury yields drop on weak data

DISAPPOINTING DATA: Consumer spending and personal incomes were flat, while factory orders in June and the number of homes under contract to be sold dropped.

BUY-BACK PROGRAM: The Wall Street Journal reported Tuesday that the Federal Reserve may restart its bond-buying program in an attempt to push down long-term interest rates.

YIELDS DROP: The yield for the 10-year note slid to 2.92 percent from 2.97 percent, while the yield on the 30-year bond fell to 4.05 percent from 4.07 percent.