U.S. Treasury yields climbed on Tuesday as markets reopened after Monday’s Christmas holiday and investors awaited data that could provide fresh clues about the state of the U.S. economy.
The yield on the 10-year Treasury note was up by around three basis points as of 06:12 AM ET and was last trading at around 3.7789%.
Meanwhile, the 2-year Treasury yield was last up by over two basis points to 4.3464%. An auction of 2-year Treasury notes worth a total of $42 billion is scheduled to take place on Tuesday.
Yields and prices have an inverted relationship. One basis point is equivalent to 0.01%.
Investors are looking to the final pieces of economic data this year for clues about a looming recession and developments regarding inflation.
On Tuesday, this includes S&P/Case-Shiller home price data, as well as the Federal Reserve Bank of Dallas’ manufacturing index, which reflects the levels of…
