Treasuries were lower on Tuesday and the 10-year Treasury yield jumped to 4.54%. Corporate supply was a driving force in Treasuries, according to Informa. Prices opened firmer, moving higher in morning trading. But by noon, prices were headed downward on large European cash 10-year sales and bond sales vs. BUND purchases. The surging CRB further pressured Treasuries, as inflation fears rose. Also, trapped longs from the early bear market pop were liquidated.
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