U.S. Treasury yields fell slightly on Tuesday morning, as investors remained focused on Russia's attack on Ukraine.
moved 3 basis points lower to 2.1435%. Yields move inversely to prices and 1 basis point is equal to 0.01%.The Russian invasion of Ukraine has entered its sixth day. The attack has roiled global markets and seen investors look to safe haven investments like U.S. government bonds, pushing yields down.
The Kremlin still wants to capture Kyiv, even as Russian forces continue running into stiff Ukrainian resistance, according to aSatellite imagery has also emerged showing a large convoy of Russian military vehicles, some 40 miles long, advancing toward Kyiv. The satellite images were taken by Maxar Technologies on Monday and show a convoy of armored trucks traveling sometimes two or three vehicles abreast on the road. Official sources have not confirmed the convoy, however.
Investors will be watching Federal Reserve Chairman Jerome Powell's testimonies to Congress this week, for any indication on whether the Russia-Ukraine conflict will affect the central bank's plans for tightening monetary policy.
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