Treasuries moved modestly lower over the course of the session. As a result, the yield on the benchmark ten-year note which moves opposite of its price, inched up 1 bps to 4.22%.
The 10-year Treasury yield inched higher on Tuesday as investors awaited further economic data and looked ahead to the Federal Reserve’s interest rate decision.
The yield on the 10-year Treasury was up 2 bps at 4.23% while the 2-year Treasury note yield moved more than 2 bps lower to 3.57%. The 30-year Treasury yield rose more than 3 bps to 4.84%.