Bond Yields Tick Upward Ahead of Big Housing Data Release

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Bond Yields Tick Upward Ahead of Big Housing Data Release
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U.S. Treasury yields moved higher as investors continue to assess the likely pace and scale of interest rate rises from the Federal Reserve.

Bond yields ticked slightly upward Tuesday as markets looked ahead to new data on housing, manufacturing and retail sales.

The yield on the benchmark 10-year Treasury note was up roughly one basis point at 2.805%, and the yield on the 30-year Treasury bond was up a basis point to 3.107%. The yield on the shorter-term 2-year Treasury note was also up roughly one basis point at 3.215%.

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