2-year Treasury yield inches higher as investors await key data

U.S. Treasury yields remained steady on Tuesday as investors awaited key economic data and Federal Reserve comments. The 10-year Treasury yield slightly decreased by less than one basis point to 4.2457%, while the 2-year Treasury yield rose by more than one basis point. Investors are interested in inflation insights and hints about potential rate cuts in September. Incoming data includes consumer confidence, house prices, durable goods orders, and the personal consumption expenditures price index. Fed officials’ remarks will also be monitored for insight into monetary policy and the U.S. economy.