Market Awaits Economic Indicators

On Tuesday, US Treasury yields experienced a slight increase as the financial community eagerly anticipates the release of crucial economic data. Today's schedule includes the publication of the composite Purchasing Managers' Index (PMI), the Institute for Supply Management (ISM) non-manufacturing PMI from the United States, alongside trade balance figures.

Impact of Tariff Policies

Investor sentiment has been further influenced by recent announcements from US President Donald Trump regarding adjustments to the nation's tariff policies. Highlighting the ongoing trade tensions, Trump pledged a significant escalation in tariffs on imports from India, a move that has captured global attention.

Yield Movements

By early morning ET, the 2-year Treasury yield saw an uptick of 2.5 basis points, settling at 3.706%. Shortly thereafter, the 10-year note yield rose by 1.4 basis points to 4.212%, with the 30-year bond yield also marking a slight increase of 0.9 basis points to 4.804%.