ET the yield on the 10-year Treasury was down by over three basis points to 3.7638%.
The 2-year Treasury yield was last more than two basis points lower to 3.6289%.
U.S. Treasury yields were lower on Tuesday as investors looked ahead to fresh economic data and weighed comments from Federal Reserve Chairman Jerome Powell.
On Monday, he indicated that if economic data remained consistent, two more rate cuts could come this year but in smaller, 25-basis-point increments.
More Fed policymakers are set to give remarks throughout this week, which investors will be following closely alongside the latest data releases.
Persons:
Jerome Powell, Powell
Organizations:
Treasury, U.S, Federal, Investors, P Global U.S, Manufacturing, ISM, PMI, U.S . Bureau of Labor Statistics, Labor, Survey