The 10-year Treasury yield decreases as investors consider economic information.

On Tuesday, the 10-year U.S. Treasury yield decreased slightly as investors evaluated the previous day's information and anticipated important inflation data to be released later in the week.

At 5:48 a.m. ET, the 10-year yield was trading at 4.2356%, which was 1 basis point lower than the previous day. Meanwhile, the 2-year Treasury yield remained flat at 4.5910%.

Prices and yields move in opposite directions, with one basis point equal to 0.01%.

The stock market futures rose early on Tuesday, despite the major indexes finishing in the red the previous day, following a period of significant gains.

As the Federal Reserve evaluates the strength of the U.S. economy, investors are considering when the Fed might reduce interest rates and how many times it may do so in 2019.

The personal consumption expenditures price index, which is the Fed's preferred inflation indicator, will be released on Friday and will be closely monitored by markets.

Although the central bank has indicated that rates will fall this year, Chairman Jerome Powell has stressed that the economic outlook remains uncertain. The number of cuts is uncertain, with the Fed stating that there will be three cuts this year, but Atlanta Fed President Raphael Bostic now expects just one rate reduction.

Jim Reid of Deutsche Bank stated in a note on Tuesday that recent comments have emphasized the narrowing of end-2024 rate expectations, as seen in the FOMC dot plot last week, despite the median dot remaining unchanged at three cuts.

Reid stated that Monday's economic data releases were "slightly on the softer side."

In February, new home sales unexpectedly dropped to 662,000, below predictions of 675,000. Additionally, the Dallas Fed manufacturing index fell to -14.4 in March, below expectations, while the Chicago Fed national activity index improved.

The March consumer confidence report, Richmond Fed's manufacturing survey, and durable goods orders are among the data that are due on Tuesday.

Several auctions are scheduled, including those for 17-week, 4-week, and 8-week Treasury bills.