| Treasuries moved slightly higher as the day progressed after seeing early weakness. As a result, the yield on the benchmark ten-year note which moves opposite of its price, edged down by 1 bpt to 4.08%.
The 10-year Treasury yield was little changed Tuesday as investors discounted next week's final policy meeting of the year by the Federal Reserve and tried to look ahead and gauge the course of the economy and inflation.
The yield on the benchmark 10-year Treasury stood at 4.09% while the 30-year Treasury yield rose less than a basis point to 4.747%. The 2-year Treasury yield, most sensitive to short-term policy rates, fell more than 2 basis points to 3.51%.
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