U.S. Treasury yields edged slightly higher on Tuesday morning, after former Federal Reserve Chair Janet Yellen was confirmed as Treasury secretary on Monday evening.
The yield on the benchmark 10-year Treasury note rose to 1.048% at 4:00 p.m. ET, while the yield on the 30-year Treasury bond advanced to 1.807%. Yields move inversely to prices.
Treasurys
Treasury yields rose slightly on Tuesday, despite concerns about the potential opposition in Congress to President Joe Biden's proposed $1.9 trillion stimulus package.
Traders will be watching for the International Monetary Fund's world economic outlook, which is published twice a year and is due out at 8 a.m. ET.
Home prices rose 9.5% nationally in November year-over-year, the strongest annual pace in more than six years, according to S&P CoreLogic Case-Shiller Home Price Indices.
Weekly API stock change data for crude oil is then due out at 4:30 p.m. ET.
Auctions will be held Tuesday for $34 billion of 52-week bills, $30 billion of 119-day bills, $30 billion of 42-day bills and $61 billion of 5-year notes.