Treasuries lacked direction over the course of the session before closing roughly flat. Subsequently, the yield on the benchmark ten-year note which moves opposite of its price, inched up by less than a basis point to 4.03%.
The yield on the 10-year Treasury was little changed on Tuesday as investors parsed the latest twists in President Donald Trump’s tariff policy following a Supreme Court setback, while also bracing for his State of the Union address later in the day.
The benchmark 10-year Treasury yield was up 1 basis point at 4.03%. The 30-year Treasury bond yield was less than 1 basis point lower at 4.68%. The 2-year Treasury note added more than 2 bps to 3.46%.