U.S. Treasury yields rose slightly on Tuesday morning, ahead of the release of job openings data.
Van Leenders pointed out that there was also the possibility that the first rate hike could be an increase of 50 basis points, rather than the typical 25bps.with the Financial Times over the weekend that the Fed wasn't ruling out raising rates by half of a percent if inflation remains high.
Meanwhile, Markit's final manufacturing purchasing managers' index reading for January is slated to come out at 9:45 a.m. ET. ISM's January manufacturing PMI is then set to be released at 10 a.m. ET.
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