U.S. Treasury yields fell on Tuesday as earnings season was in full swing and provided clues about the state of the U.S. economy.
Yields and prices have an inverse relationship and one basis point equals 0.01%.
Investors assessed earnings results from companies like 3M and General Electric, and eagerly awaited other reports that could offer clues as to how the companies are faring amid high inflation and rising interest rates. high interest.
Many investors fear that the pace of rate hikes put in place by the Federal Reserve in an effort to rein in persistent inflation could push the US economy into a recession.
Uncertainty over whether the central bank will announce the second consecutive 50 basis point hike or slow the pace to a 25 basis point hike at its next meeting on January 31 and February 1 has spread in recent weeks. .