United States Treasury yields fell on Tuesday after recently setting multiyear record highs across the board. Today’s home prices reports may have shown enough proof to investors that the soaring inflation rate will slow down in upcoming months and make the Federal Reserve reconsider its monetary policy moves and ease or pause interest rate hikes.
The return on the 10-year Treasury note was down 15.3 basis points to 4.079% at 10:17 am ET. The yield on the two-year note dropped 8.5 basis points to 4.413% a minute later, while the return on the 30-year bond decreased by 12.4 basis points to 4.238% at 10:19 am ET.