The 10-year U.S. Treasury yield hit 2.82% on Tuesday morning — its highest point since December 2018.
" on Tuesday that increased market volatility reflected concerns about central banks making"policy mistakes and that rolls over into global recession that's 12 to 18 months out."Fed Governor Lael Brainard is due to speak at the Wall Street Journal Jobs Summit at 12:10 p.m. ET on Tuesday.
In addition to inflation data, the April IBD/TIPP economic optimism index is due out at 10 a.m. ET on Tuesday.Samantha Subin contributed to this market report.
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