U.S. Treasury yields higher as investors await consumer confidence, home prices data

Market participants have become increasingly concerned about the prospect of a recession in recent weeks as the Federal Reserve tries to cool soaring inflation with aggressive interest rate hikes.

On the data front, advance economic indicators for May will be released at around 8:30 a.m. ET, with the S&P CoreLogic Case-Shiller national home price index for April and the Federal Housing Finance Agency home pricing index for April set to follow slightly later in the session.Elsewhere, the Group of Seven wealthy nations on Tuesday will conclude its summit in Germany.

NATO leaders on Tuesday will convene for the start of a high-stakes, three-day summit in Madrid. NATO chief Jens Stoltenberg has the military alliance plans to increase its high-readiness force from 40,000 troops to "well over" 300,000 in the shadow of Russia's war.

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