Bond Report: Treasury yields little changed as bond rally pauses

U.S. Treasury yields saw little change Tuesday, erasing an earlier rise as bidders snapped up an auction of two-year notes.

The yield on the 10-year Treasury note TMUBMUSD10Y, +0.92% was fractionally lower at 2.418%, a day after hitting its lowest level since Dec. 29, 2017. The yield on the two-year note TMUBMUSD02Y, +1.28% rose 1 basis point to 2.264%, while the 30-year Treasury bond yield TMUBMUSD30Y, +0.44% rose less than half a basis point to 2.872%. Yields and bond prices move in opposite directions.

The Treasury Department sold $40 billion of two-year notes, with strong demand.

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