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Treasury yields rise despite losses in US index futures

FXStreet (Mumbai) - The yields on the treasury notes in the US advanced on Tuesday despite moderate losses in the US index futures and European equities.

At the time of writing, the 10-yr treasury yield in the US was up 2.8 basis points on the day at 2.056%. The 30-yr yield had also gained 2.6 basis points to trade at 2.908%. The 2-yr yield, which is more policy sensitive, was up just one basis points.

The rise in the yields contradicted a 0.5% drop seen in the pan-European Euro Stoxx index. However, the losses have been trimmed ahead of the US opening bell. As of writing, the S&P 500 futures were down just 2.5 points.

Investors await earnings

The investors are now eyeing flurry of third quarter corporate earnings due today. Major earnings due on Tuesday include Dow Jones index components Travelers, Verizon and United Technologies before the open. After the close, Yahoo, Chipotle Mexican Grill, Discover Financial, VMWare, iRobot, Chubb,and Pinnacle Financial are due to release their quarterly earnings.

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