Bond Report: Treasurys see a lift as rate hike fears ease after inflation report

U.S. government bonds saw buying on Tuesday, pulling yields lower, as an inflation report matched expectations, easing concerns the Federal Reserve would speed up its pace of rate hikes from a widely expected three to a more aggressive four.

How are Treasurys performing?

The 10-year Treasury note yield TMUBMUSD10Y, -0.43% was down by 3.1 basis points to 2.839%, according to Tradeweb data. The 2-year note yield TMUBMUSD02Y, -0.36% the maturity that is the most sensitive to shifting inflation expectations, fell 2 basis points to 2.246%. The 30-year bond rate TMUBMUSD30Y, -0.25% known as the long bond, was down by 2.4 basis points to 3.107%.

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