U.S. government debt prices were higher Tuesday morning, as market participants looked ahead to economic data and Treasury auctions.
At around 02:10 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 2.5776 percent, while the yield on the 30-year Treasury bond was also lower at 2.9824 percent.
The Federal Reserve Board will hold an open meeting Tuesday to discuss a proposal that would simplify and increase the transparency of its rules of determining control of a banking organization. The U.S. Treasury is set to auction $26 billion in 52-week bills and $40 billion in two-year notes on Tuesday.
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