Bond Report: 10-year Treasury yield slips below 3% after round of disappointing U.S. economic data

U.S. bond yields turned lower on Tuesday after new home-sales data and other economic reports missed expectations and had investors readjusting their expectations for Federal Reserve interest rate hikes. What’ s happening The yield on the 2- year Treasury TMUBMUSD02Y, 3.301% was 3.243% versus Monday’ s level of 3.335%. The yield on the 10- year Treasury…