U.S. Treasury yields climbed on Tuesday morning, with the 10-year rate rising to top 1.19%, despite concerns about a slowdown in growth.
that the central bank could start tapering its bond purchases as early as October.
Fed Governor Michelle Bowman is due to speak at a research seminar sponsored by the central bank's board of governors on working toward an inclusive labor market recovery, at 2 p.m. on Tuesday. On the data front, the August IBD/TIPP economic optimism index is due out at 10 a.m. ET on Tuesday. June factory orders data is also set to be released at 10 a.m. ET.— CNBC's Yun Li contributed to this market report.
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