U.S. Treasury yields rise during the Asia-Europe session, and U.S. stocks give back gains around the market open.

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Tuesday (March 3) New York close: U.S. 10-year Treasury yield rose 2.30 basis points to 4.0575%, continuing to climb since the Asia-Pacific session began. It remained above 4.08% from 16:00 to 22:30 Beijing time—reaching a daily high of 4.1151% at 22:16. The 2-year U.S. Treasury yield increased 3.29 basis points to 3.4999%; the 30-year U.S. Treasury yield rose 2.33 basis points to 4.7029%. The 2/10-year Treasury yield spread decreased 0.177 basis points to +55.551 basis points. The 10-year TIPS yield rose 2.06 basis points to 1.7554%; the 2-year TIPS yield increased 2.23 basis points to 0.6028%; the 30-year TIPS yield climbed 2.44 basis points to 2.4808%.

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