Treasury yields jumped Tuesday after a key update of consumer spending showed U.S. households remained in bright shape, potentially undercutting expectations for the Federal Reserve to carry out rate-cuts this year.
What are Treasurys doing?
The 10-year Treasury note yield TMUBMUSD10Y, +1.54% climbed 4.2 basis points to 2.134%, while the 30-year bond yield TMUBMUSD30Y, +0.93% was up 3.3 basis points to 2.644%. The 2-year note rate TMUBMUSD02Y, +2.03% rose 3.9 basis points to 1.872%. Debt prices move in the opposite direction of yields.
