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Treasury yields mixed amid inflation data

Bond traders at CME Group
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U.S. sovereign bonds yields were mixed Tuesday as traders looked for clues about a possible Federal Reserve interest rate hike.

Oil prices and inflation data were in focus. U.S. crude settled 2.6 percent lower at $40.67 per barrel.

The consumer price index for October rose 0.2 percent, in line with expectations.

Symbol
Yield
 
Change
%Change
US 3-MO
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US 1-YR
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US 2-YR
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US 5-YR
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US 10-YR
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US 30-YR
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Industrial production for October fell 0.2 percent. The NAHB homebuilders sentiment survey showed confidence dropped more than expected in November.

The Treasury International Capital flow data are disclosed at 4 p.m.

Stocks and bonds have confounded strategists, who had expected a flight-to-quality trade after coordinated terrorist attacks in Paris over the weekend left at least 129 dead and dozens injured.

Yields on 10-year Treasury notes slid to trade around 2.2658 percent on Tuesday, after closing at 2.273 percent on Monday.

Meanwhile, 30-year bond yields were also lower at 3.0531 percent after ending at 3.072 percent Monday.

Equities were given a lift Monday by a sharp jump in oil prices, which was supported by geopolitical concerns following weekend terror attacks in Paris.

The major U.S. averages also closed more than 1 percent higher, recovering some of their sharp declines last week.