Key facts
- U.S. Treasury yields declined on Tuesday.
- President Donald Trump stated that no talks with Iran were scheduled.
- U.S. industrial production grew by 0.2% in July, below expectations.
U.S. Treasury yields eased from earlier peaks on Tuesday, participating in a broader global bond market sell-off. The decline occurred despite ongoing geopolitical tensions, as President Donald Trump indicated that no talks with Iran were currently underway or scheduled. Adding to the market's sentiment, the Federal Reserve reported that U.S. industrial production growth in July had slowed to 0.2%, falling short of economists' forecasts. This slowdown in manufacturing output suggests a potential moderation in economic activity.