U.S. government debt prices ticked higher on Tuesday, as investors awaited remarks by the Atlanta Federal Reserve president and digested a slew of economic data.
The yield on the benchmark 10-year Treasury note sat lower at around 1.5670 percent at, while the yield on the 30-year Treasury bond was also lower at 2.2861 percent. Bond yields move inversely to prices.
Treasurys
The Atlanta Fed President, Dennis Lockhart to spoke at the Rotary Club of Knoxville in Tennessee. Lockhart said he believes the U.S. economy is likely strong enough for at least one interest rate increase before the end of 2016, as job gains continue and inflation moves in a "healthy" direction.
This comes the day before the Federal Open Market Committee is to release the minutes from its July meeting, which should provide some insight into why the central bank chose to hold off from raising interest rates during the summer month.
On the oil front, U.S. crude and Brent futures were trading higher, trading around $46.59 and $49.22 per barrel, respectively.