CNBC reports that the 10-year U.S. Treasury yield struggled for direction, as investors were torn between a strong earnings season and continued economic concerns.
The yield on the benchmark 10-year Treasury note stood at 1.602%. The yield on the 30-year Treasury bond fell 2 basis points to 2.016%.
Companies continued to report strong earnings in the U.S. However, worries around rising inflation, supply chain issues and a slowdown in the economy, continue to weigh on investors’ minds.
On Wednesday, durable goods orders data for September is due out at 12:30 GMT.