US: 10-year Treasury yield rises above 2.97% on Tuesday

The U.S. Treasury bond yields on Tuesday gained traction after the latest auction saw $34 billion worth of 3-year bonds sold at its highest level since May at 2.765% to reveal low demand for T-bonds.

As of writing, the 10-year T-bond yield was up 1.25% on the day at %2.975 while the 2-year, 5-year, and 30-year references were adding 0.94%, 1.39%, and 1.21%, respectively.