From Nasdaq:

Treasuries gave back some ground after an early pullback, with the benchmark ten-year note yield inching up to 4.019 percent on Tuesday. Traders are uncertain about the outlook for interest rates but still anticipate a 60.9 percent chance of a quarter point rate cut in March. A Treasury Department auction of $52 billion worth of three-year notes this month attracted slightly below average demand, with a high yield of 4.105 percent and a bid-to-cover ratio of 2.67. Trading activity may be subdued on Wednesday amid limited economic data on the U.S. front.



Read more: Treasuries Climb Well Off Worst Levels But Close Modestly Lower