Treasury yields rise after US lawmakers reach deal to avoid shutdown


U.S. government debt yields rose on Tuesday after federal lawmakers reached a deal to fund the government and avoid a repeat shutdown.


At around 10:00 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.679 percent, while the yield on the 30-year Treasury bond was also higher at 3.019 percent.

Market sentiment got a boost on news U.S. lawmakers had secured a tentative deal on border security funding on Monday. The drafted agreement — which congressional aides said did not contain funds for a border wall — could help avert another partial government shutdown due to begin from Saturday.

A congressional source told CNBC it would put about $1.4 billion toward physical barriers, but not a wall, a provision President Donald Trump has insisted upon in prior deliberations. The deal would include about 55 new miles of bollard fencing and reduce the cap for Immigration and Customs Enforcement detention beds by about 17 percent.

Any agreement will need to be approved by Trump.