Bond Report: Treasury yields renew climb as flight to safety diminishes despite terror attack uncertainty

Treasury prices softened on Tuesday, pushing yields higher, a day after the U.S. sovereign debt market notched its strongest one-day gain since August following attacks in Turkey and Germany.

The yield on the 10-year note TMUBMUSD10Y, +1.42% gained 2.7 basis points to 2.569%, while the two-year yield TMUBMUSD02Y, +1.69% rose 1,7 basis point to 1.241%. The TMUBMUSD30Y, +0.92% 30-year bond rose 1.5 basis point to 3.139%.

With a sparse economic data calendar and little in the way of market-moving news expected between Tuesday and the Christmas holiday this weekend, investors expected trading volumes to remain subdued through New Years.

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