Treasuries moved back upwards following the consumer price inflation data. Subsequently, the yield on the benchmark ten-year note which moves opposite of its price, dipped 1.6 bps to 4.17%.
The benchmark 10-year Treasury yield fell on Tuesday as data showed core U.S. consumer prices rose less than predicted in December.
The 10-year Treasury yield dipped more than 1 basis point to 4.17% after hitting a low of 4.15%, its lowest level since January 8. The 2-year yield also moved more than 1 basis point lower to 3.52% after falling to 3.49%, the lowest level since January 9. The 30-year yield fell less than a basis point to 4.83%.