Treasury yields fall ahead of economic data

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U.S. Treasury yields fell early on Tuesday, with a series of economic data releases due out later in the morning.

fell by more than 2 basis points to 1.9790%. Yields move inversely to prices and 1 basis point is equal to 0.01%.It comes after the 10-year yield hit 1.

62% on Monday, amid mounting concerns about inflation.are due out at 8:30 a.m. ET. Economists surveyed by Dow Jones are expecting sales to have jumped by 1.5% last month, compared with 0.7% in September.

 

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