U.S. Treasury yields inched lower on Tuesday as investors awaited further economic data and continued to weigh the inflationary backdrop ahead of the Federal Reserve’s interest rate decision next week. The benchmark 10-year Treasury yield was down 2 basis points to 5.114%, while the 30-year Treasury bond also fell 2 basis points to 5.45%. The 2-year Treasury note yield was broadly flat at 4.757%. Traders are now pricing in an 82% chance of the Fed holding interest rates steady, according to the CME FedWatch Tool.
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