U.S. government debt prices were lower Tuesday as traders monitored U.S.-China trade developments.
The yield on the benchmark 10-year Treasury note rose to around 2.737 percent, while the yield on the 30-year Treasury bond increased to 3.101 percent. Bond yields move inversely to prices.
Market players are focused on U.S.-China trade developments with mixed messages on the progress of talks between Washington and Beijing over the last few days. Sources told CNBC Monday that U.S.-China trade negotiations are in the “final stages” and that a summit in Mar-a-Lago later this month could close the deal.