Long-term U.S. government debt yields snapped their recent streak of declines Tuesday following a steep fall over the past week.
Treasurys
At around 11:01 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.434 percent, while the yield on the 30-year Treasury bond was also higher at 2.878 percent.
Tuesday's uptick in yields comes a day after the yield on the 10-year Treasury note fell to its lowest level since December 2017 as fixed-income investors continued to worry about global growth and a potential deceleration in the U.S. economy.
Those fears continue to keep parts of the Treasury yield curve inverted, with the yield on the 3-month bill above that of the 10-year note.The short-term rate first exceed that of several longer-term securities last week in a phenomenon known as inversion and viewed by many as a recession predictor.
Housing starts fell 8.7 percent in February, falling well short of market expectations. Building permits declined, but at a slower rate than forecast by economists. Consumer confidence declined in March to 124.1 from 131.4 in February, according to data from The Conference Board.