Treasury Yields Fall Further From Recent Highs After Soft Economic Data: MW

Bond yields fell on Tuesday after soft U.S. economic data raised hopes that the Federal Reserve may be nearing the peak of its tightening cycle. The yield on the 30-year Treasury (BX:TMUBMUSD30Y) fell 2.7 basis points to 3.652%. The 10-year to 2-year spread of minus 42 basis points means the yield remains deeply inverted, signaling an economic downturn.