Treasuries Recover From Early Weakness But Still Close Lower

(RTTNews) - Treasuries recovered from initial weakness but moved back to the downside over the course of the trading session on Tuesday.

Bond prices moved roughly sideways going into the close, ending the day in negative territory. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, rose by 2.4 basis points to 3.535 percent.

The lower close by treasuries may have reflected lingering concerns about the outlook for interest rates ahead of the release of some key U.S. economic data in the coming days.