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U.S. sovereign bond prices rose Tuesday as markets reopened after the Memorial Day weekend and digested a raft of data.
The yield on the 10-year Treasury note, which moves inversely to its price, dipped to 1.846 percent, while the yield on the 30-year Treasury bond slid to 2.645 percent. Two-year yields dropped to 0.879 percent.
On the data front, U.S. consumer spending recorded its biggest increase in more than six years in April and inflation rose steadily, more signs of an acceleration in economic growth that could persuade the Federal Reserve to raise interest rates again as early as June.
Meanwhile, home prices rose 5.4 percent in March, according to the S&P/Case-Shiller Home Price index.
Chicago PMI for May came in at 49.3, below the expected reading of 50.5.
Consumer confidence for May also disappointed, coming in at 92.6. Economists polled by Reuters expected a reading of 96.
No major speeches from Federal Reserve members are expected.