US Treasury yields tick higher amid fears of economic slowdown
At 6 a.m. ET, NFIB Small Business Optimism Index is due, followed by Redbook at 08:55 a.m. ET. The yield on the benchmark 10-year Treasury note was up at 2.868 percent, while the yield on the 30-year Treasury bond was up at 3.134 percent. Investors continue to be concerned about a possible economic slowdown, as portions of the yield curve, which first inverted earlier this month, remained downward sloping Monday with short-term 2-year Treasury note yields above 5-year Treasury note yields.