U.S. Treasuries traded on their lows ahead of the release of the July FOMC Statement, followed by Fed Chairman Warsh’s press conference at 14:00 ET.
Selling lifted yields on most tenors toward their highs from Monday. The intraday selling took place alongside some additional upward pressure on oil that has lifted WTI crude above $84/bbl.
Yields:
2-yr: +5 bps to 4.33%
3-yr: +6 bps to 4.36%
5-yr: +6 bps to 4.42%
10-yr: +5 bps to 4.65%
30-yr: +3 bps to 5.12%