US Treasury yields move lower as Federal Reserve turns more cautious

The yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 2.6720 percent, while the yield on the 30-year Treasury bond was also lower at 3.030 percent. The moves in pre-market trade come after the Federal Reserve adopted a more cautious tone in the previous session. The U.S. Treasury is set to auction $50 billion in 4-week bills and $35 billion in 8-week bills on Thursday.