(RTTNews) - After recovering from early weakness to end the previous session modestly higher, treasuries moved back to the downside during trading on Tuesday. Bond prices came under pressure early in the session and remained firmly negative throughout the day. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, advanced 3.5 basis points to 4.996 percent. The ten-year yield climbed as high as 5.016 percent during the day, marking its highest level since July 2007. The weakness among treasuries came amid concerns about the outlook for inflation and interest rates ahead of the Federal Reserve's monetary policy decision on Wednesday.
We show the main point publicly. Create a free account to continue reading the full article, save it, discuss it, and connect it with market and OSINT context.