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US Treasury yields slip ahead of Fed meeting

U.S. government debt yields fell on Tuesday morning amid trade war fears and ahead of a new meeting for the Federal Reserve.

The yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 2.715 percent, while the yield on the 30-year Treasury bond was lower at 3.046 percent.

U.S. Markets Overview: Treasurys chart

Market focus is largely attuned to global trade developments, after prospects for a long-awaited U.S.-China trade deal were dealt another setback. It comes after Washington leveled sweeping charges against Beijing's telecom giant Huawei.

Investors are also looking ahead to a speech by Federal Reserve Chairman Jerome Powell due Wednesday. The central bank is starting its two-day policy meeting on Tuesday. Market players are keen to understand if the Fed will slow down its hiking cycle this year.