U.S. Treasury yields held steady on Tuesday as investors watched the latest corporate earnings.
The yield on the benchmark 10-year Treasury note was little changed at 1.59% The yield on the 30-year Treasury bond was flat at 2.28%. Yields move inversely to prices.
Treasury yields fell to 1.53% last week, despite strong economic data.
However, the focus is on corporate earnings this week, as companies including streaming giant Netflix, as well as pharmaceuticals firm Johnson & Johnson and consumer goods firm Procter & Gamble, among those due to report on Tuesday.
The first-quarter earnings season got off to a strong start last week as the major U.S. banks reported. Financials earnings have topped expectations by 38%, while others in the S&P 500 have surprised to the upside by 12%, according to data from Credit Suisse.
There are no major economic data releases due out on Tuesday.
Auctions are set to be held for $34 billion of 52-week bills and $40 billion of 42-day bills.
— CNBC’s Maggie Fitzgerald contributed to this report.
