Treasury yields fall ahead of Christmas


Treasury yields fell on Tuesday during the holiday-shortened session before the holiday break.

Performance per 10-year Treasury was 12 basis points lower at 4.586%, while 2-year treasury fell 9 basis points to 4.340%.

One basis point is 0.01%. Yields change inversely to prices.

Tuesday will likely be a quiet day for U.S. financial markets given the early close of stock trading at 1 p.m. EST. The bond market closes at 2 p.m

The markets will be closed on Wednesday due to Christmas holidays.

Economic data released Tuesday includes the Philadelphia Fed's Non-Manufacturing Sector Survey and the Richmond Fed's Survey for December.



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