NEW YORK (AP) _ Bond prices surged Monday on signs of tapering domestic economic growth and renewed worries about Asia's financial troubles that boosted the dollar and attracted foreign investors.

The price of the benchmark 30-year Treasury bond rose 13/16 point, or $8.13 per $1,000 in face value. Its yield, which moves in the opposite direction, fell to 5.65 percent from 5.71 percent late Friday.

Bonds were supported by a National Association of Purchasing Management report that showed a drop in manufacturing health for a second straight month as the economy continues to be buffeted by the Asian turmoil.

Prices also were lifted by foreign investors who were lured by a rising dollar and by the relative safety of U.S.-government backed securities as Asian markets fell.

In the broader market, prices of short-term Treasury securities were up 1-16 point to 3-32 point, and intermediate maturities were up 3-16 point to 11-32 point, reported Bridge Telerate, a financial information service.

The Lehman Brothers Daily Treasury Bond Index, reflecting price movements on bonds with maturities of a year or longer, rose 2.68 points to 1,289.09.

Yields on three-month Treasury bills were 5.09 percent as the discount rose 0.02 percentage point to 4.97 percent. Six-month yields were 5.17 percent, as the discount fell 0.02 percentage point to 4.98 percent. One-year yields were 5.33 percent as the discount fell 0.02 percentage point to 5.07 percent.

Yields are the interest bonds pay by maturity, while the discount is the interest at which they are sold.

The federal funds rate, the interest on overnight loans between banks, rose to 5.69 percent from 5.75 percent.

In the tax-exempt market, the Bond Buyer index of 40 actively traded municipal bonds rose 1/8 point to 123 21-32. The average yield to maturity fell to 5.24 percent from 5.26 percent.