U.S. government debt prices slipped on Tuesday as investors parsed through mixed messages on the trade front coming from the Trump administration.
The yield on the benchmark 10-year Treasury note was higher at around 2.884 percent at 2:15 p.m. ET, while the yield on the 30-year Treasury bond rose to 3.031 percent. Bond yields move inversely to prices.
Treasury Secretary Steven Mnuchin said in a tweet Monday that a report from the Wall Street Journal about the Trump administration planning to curb Chinese investment in U.S. tech — which led to a steep sell-off in stocks — was “fake news.” Mnuchin added, however, that those restrictions will apply to “all countries that are trying to steal our technology.”