U.S. Treasury yields moved lower on Tuesday morning, with investors evaluating safe-haven assets amid the escalated tensions between Russia and Ukraine.
The yield on the benchmark 10-year Treasury note fell 1 basis point at 1.9788% at around 2 a.m. ET. The benchmark 10-year rate hit the 2% level last week following the hottest inflation reading in four decades.U.S. Treasury yields moved lower on Tuesday morning, with investors evaluating safe-haven assets amid the escalated geopolitical tensions between Russia and Ukraine.fell 1 basis point at 1.9788% at around 2 a.m. ET.
Yields moved higher on Monday as St. Louis Fed President James Bullard reiterated his call for the central bank to take aggressive steps to fight inflation in the first half of 2022. Bullard told CNBC that theEarlier on Monday, yields were lower but came back following comments from Russia's Foreign Minister Sergey Lavrov to Vladimir Putin that appeared to suggest Russia would continue talks with EU and NATO over Ukraine.On the data front, a January producer price index is due out at 8:30 a.
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