Treasuries moved notably higher after closing roughly flat for two straight sessions. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, slid 5.1 bps to a nearly one-month closing low of 4.14%.
U.S. Treasury yields fell on Tuesday after the latest retail sales report missed expectations.
The benchmark 10-year Treasury yield was more than 5 bps lower at 4.14%, as was the 30-year Treasury yield at 4.78%. The 2-year Treasury note yield was down more than 3 bps at 3.45%.