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10-year Treasury yield is little changed as investors look ahead to economic data

A trader works on the floor of the New York Stock Exchange on April 28, 2025.
Brendan McDermid | Reuters

The was little changed on Tuesday as investors looked ahead to a slew of economic data this week.

The benchmark 10-year Treasury yield was flat at 4.216%. The  was also up by 1.4 basis points at 3.699%.

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One basis point is equivalent to 0.01%. Yields and prices move in opposite directions.

This comes amid weakening investor confidence in U.S. assets and the sell-off that ensued after U.S. President Donald Trump's announcement of high tariffs on imported goods on April 2.

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"Evolving market perceptions of the trajectory of the U.S. economy and policymaking are taking the global economy and markets to unprecedented levels of uncertainty," Morgan Stanley wrote in a recent note.

Traders are keeping a close eye on trade developments or escalation of tensions between the U.S. and China. U.S. Treasury Secretary Scott Bessent on Monday emphasized China's responsibility to reach a trade agreement.

"It is up to China to de-escalate because they sell five times more to us than we sell to them, and so these 120%, 145% tariffs are unsustainable," Bessent said on C온라인카지노사이트's "."

The market will also move to assess the state of the U.S. economy from a number of economic reports due out this week.

The Job Openings and Labor Turnover Survey reading for March, due out later Tuesday, will help reveal the state of the labor market before the tariffs announcement in early April. Economists polled by Dow Jones are expecting the survey to show that available postings fell to 7.5 million, down from 7.6 million in February.

The Conference Board consumer confidence reading for April is also scheduled for release Tuesday.

On Wednesday, investors will get first-quarter gross domestic product data, March figures for both personal income and consumer spending as well as the personal consumption expenditures price index. ADP also releases its April employment survey containing estimates of private sector job growth.

April's Institute for Supply Management manufacturing survey is slated for release on Thursday, followed by the Labor Department's nonfarm payrolls data for April on Friday morning.

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