Bond Report: Treasury yields rise as firm tone for equities saps haven demand

Treasury prices fell Tuesday, pushing yields higher, with a modest rise in stocks sapping demand for government paper.

The 10-year Treasury note yield TMUBMUSD10Y, +1.38% climbed 3.7 basis points to 2.590%. The 2-year note yield TMUBMUSD02Y, -0.33% was up 0.3 basis point to 2.394%, while the 30-year bond yield TMUBMUSD30Y, +0.80% rose 3.1 basis points to 2.994%. Bond prices move inversely to yields.

The positive tone in U.S. equities SPX, +0.07% dulled demand for haven assets like bonds after another round of corporate earnings, with BlackRock BLK, +3.01% beating analysts’ expectations.

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