U.S. Treasury yields fell on Tuesday as investors looked ahead to labor market data and monitored comments from Federal Reserve Chairman Jerome Powell.
The yield on the benchmark 10-year Treasury Note fell 2 basis points to 4.454% around 6:39 a.m. ET, while the yield on the 2-year Treasury Note fell 1 basis point to 4.754%.
Yields and prices move in opposite directions and one basis point equals 0.01%.
The Labor Department is expected to release its Job Openings and Labor Turnover Survey (JOLTS) for May around 10 a.m. ET on Tuesday. Fed officials are closely watching the JOLTS report for signs of slack in the labor market as they look for direction for monetary policy.
Elsewhere, the Fed's Jerome Powell will speak at the European Central Bank Forum on Central Banking in Sintra, Portugal, from 9:30 a.m. to 10:30 a.m. (Eastern Time).
The panel, moderated by CNBC and featuring ECB President Christine Lagarde and Banco Central do Brasil Governor Roberto Campos Neto, will discuss monetary policy, geopolitical risks, inflation and other issues in the global economy.
Minutes from the Fed's latest policy meeting are due on Wednesday, while non-farm employment figures are due on Friday.
— CNBC's Jeff Cox contributed to this report.
