Government bond yields are little changed as the focus remains on the economic outlook and earnings

Johannes Zich Bloomberg | Getty Images

US Treasury yields were little changed on Tuesday as investors continued to assess the outlook for the US economy and digest the latest round of corporate earnings.

At around 2:20 am ET, the benchmark 10-year Treasury yield was slightly higher at 3.5946%, while the 30-year Treasury yield was also slightly higher at 3.8080%. Yields move inversely with prices.

treasuries

TICKER	COMPANY	YIELD	CHANGE	%CHANGE
US1M	1 Month US Treasury Notes	4.222%	+0.219	0.00%
US3M	3 Month US Treasury Notes	5.216%	+0.026	0.00%
US6M	6-month US Treasury Notes	5.087%	+0.022	0.00%
US1Y	1-year US government bonds	4.94%	+0.095	0.00%
US2Y	2-year US government bonds	4.195%	+0.007	0.00%
US10Y	10-year US government bonds	3,602%	+0.011	0.00%
US30Y	30-year US government bonds	3.813%	+0.009	0.00%

The corporate earnings season dominates this week’s agenda, with giants Johnson & Johnson, Bank of America and Goldman Sachs all due to report ahead of Tuesday’s Wall Street opening bell.

On the data front, traders will be keeping tabs on March housing starts and building permit counts, which are due at 8:30 am ET. Housing starts for the month are expected to have declined 3.4% to 1.40 million units, while building permits are expected to fall 4.9% to 1.45 million units, according to Dow Jones consensus estimates.

Markets are closely following economic data for where the Federal Reserve might adopt interest rates at its next meeting in early May. According to CME Group’s FedWatch tool, more than 84% of traders are calling for a 25 basis point hike at the next policy meeting.

An auction for $34 billion worth of 52-week Treasury bills will be held on Tuesday.