Treasury yields were little changed on Tuesday as investors closely monitored a fresh batch of economic data and Treasury auctions.
The yield on the benchmark 10-year Treasury note was flat at 0.7994%, while the yield on the 30-year Treasury bond was also little changed at 1.5903%. Yields move inversely to prices.
The 10-year rate dropped nearly 4 basis points on Monday amid a big sell-off in equities.
It comes at a time when market participants are increasingly concerned about the economic impact of an upsurge in coronavirus cases. A wave of new Covid-19 infections around the world has prompted some countries to impose fresh restrictions as winter looms.
To date, more than 43.5 million people have contracted Covid-19 worldwide, with 1.16 million related deaths, according to data compiled by Johns Hopkins University.
On the data front, durable goods orders for September will be released at 8:30 a.m. ET, with the S&P CoreLogic Case-Shiller National Home Price Index for August due to be released at 9:00 a.m.
Consumer confidence for October, the Richmond Fed manufacturing survey for October and third-quarter housing vacancies are all scheduled to be released at 10:00 a.m., with Dallas Fed services to follow slightly later in the session.
The U.S. Treasury will auction $30 billion of 119-day bills, $30 billion of 42-day bills, and $54 billion of 2-year notes on Tuesday.
