US Treasurys edge mostly lower as investors focus on data


U.S. government debt prices were mostly lower on Tuesday as investors digested fresh economic data.

The yield on the benchmark 10-year Treasury notes, which moves inversely to price, was higher at around 2.357 percent after hitting its lowest level since Feb. 24.

The yield on the 30-year Treasury bond was also higher at 2.988 percent.


Tuesday saw trade deficit data for February, which showed the U.S. deficit narrowed more than expected to $43.56 billion. Economists expected it to have narrowed to $44.8 billion from a five-year high. These are not typical market-moving data, but market participants will keep an eye on them because of Trump's meeting with the Chinese premier.

Other data released Tuesday included factory orders for February, which rose 1 percent, in line with expectations.

Elsewhere, U.S. Federal Reserve Board Governor Daniel Tarullo is due to speak at Princeton on Tuesday on his penultimate day at the U.S. central bank.

In oil markets, Brent crude traded at around $54.13 a barrel on Tuesday, up 1.90 percent, while U.S. crude was around $51.03 a barrel, up 1.57 percent.

Oil prices dipped on Tuesday as investors eyed a seemingly relentless uptick in US drilling activity.

--- Fred Imbert contributed to this report