United States Treasury yields dropped on Tuesday following the release of the latest data on the country’s consumer prices.
The cooler-than-expected inflation figure seemingly sparked hopes that the Federal Reserve might not go overboard with its tightening monetary policy, which possibly prompted the yields to decrease.
The return on the 10-year Treasury note fell by 12.8 basis points to 3.483% at 8:41 am ET. The yield on the two-year note declined by 16.6 basis points to 4.237% at 8:42 am ET, while the return on the 30-year bond tumbled 7.7 basis points to 3.499% simultaneously.