Treasury yields steady as U.S. stocks seen rising

U.S. Treasury yields were edging higher Tuesday, with appetite for bonds cooling as stocks appeared to catch a bid.

Traders are positioning for higher yields, as bond prices fall, even if Tuesday’s moves in Treasuries appeared to be relatively muted. In economic reports, investors will watch for a reading of building permits and the number of housing projects started in April, due out at 8:30 a.m. Eastern Time.

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