Treasury Yields Plummet

Treasury prices were surging Tuesday as data pointing to softness in the economy diminished the chance of any rate hikes in the near future.

The 10-year note was up 22/32 in price to 100 21/32, yielding 4.54%, and the 30-year bond was advancing 1 9/32 to 101 19/32, yielding 4.65%. Prices and yields move in opposite directions.

On the shorter end, the two-year note was up 7/32 to 100 6/32, yielding 4.64%, and the three-year was better by 9/32 to 100 17/32, yielding 4.55%. The five-year climbed nearly 15/32 to 100 17/32 and was yielding 4.51%.

As for currencies, the dollar gave up ground to the euro, the yen and the Swiss franc. The greenback rose against the pound, the Australian dollar and the Canadian dollar.