Treasuries Gain Across Curve as US Stocks Tumble From Records

Treasury prices edged higher on Tuesday as concerns over equity valuations fueled weakness in major stock indexes and drove investors toward government bonds.

Yields across maturities were lower by two to three basis points at 3:30 p.m. in New York, maintaining moves seen in Asian and European trading. The yield on the benchmark 10-year note hovered around 4.08%. Yields on other tenors remain near the year-to-date lows reached in the past month, reflecting worries that the US government shutdown — now tied for the longest on record — will impair economic growth.