NEW YORK (CNNMoney.com) -- Treasury prices fell Tuesday, as the government offered $21 billion in 10-year notes and better-than-expected corporate results renewed investor confidence in riskier assets.
What prices are doing: The benchmark 10-year note was down 11/32 to 103-11/32 and its yield fell to 3.11% from 3.02% late Monday. Bond prices and yields move in opposite directions.
The 2-year note was edged down 1/32 to 99-30/32 with a yield of 0.67%, while the 5-year note lost 6/32 to 99-30/32 and yielded 1.89%.
The 30-year bond fell 21/32 to 104-26/32 with a yield of 4.10%.
What's moving the market: The Treasury Department is auctioning $21 billion in 10-year notes later Tuesday, as part of its $69 billion worth of notes and bonds this week in quarterly refunding.
The aluminum giant posted second-quarter earnings that beat Wall Street's estimates and gave an upbeat forecast on aluminum demand.
What analysts are saying: "This is the first clean auction period we've had in a few months since investors aren't disturbed by the news as much as they were during the second quarter," said Jim Vogel, head of debt research at FTN Financial.
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.48%||4.52%|
|15 yr fixed||3.50%||3.54%|
|30 yr refi||4.48%||4.51%|
|15 yr refi||3.49%||3.53%|
Today's featured rates:
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