Treasury yields retreated on Tuesday in a holiday-shortened trading session ahead of the Christmas break.
The yield on the 10-year Treasury was 12 basis points lower at 4.586%, while the 2-year Treasury was down 9 basis points at 4.340%.
One basis point is equal to 0.01%. Yields move inversely to prices.
Tuesday will likely play out as a muted day for U.S. financial markets, given the early close at 1 p.m. ET for stock trading. The bond market stops activity at 2 p.m.
Markets will remain closed Wednesday for the Christmas holiday.
Economic data releases out Tuesday include the Philadelphia Fed non-manufacturing survey and Richmond Fed survey for December.
