Treasury yields are little changed as markets await Iran peace talks and Warsh hearing

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Treasury yields were largely unmoved early Tuesday as investors await clarity over an expected second round of peace talks due to take place between the U.S. and Iran.

The yield on the 10-year U.S. Treasury note — the key benchmark for U.S. government borrowing — was flat at 4.254%.

The 2-year Treasury note yield, which more closely tracks short-term Federal Reserve interest rate policy, was more than 1 basis point higher at 3.735%. The longer-dated 30-year Treasury bond yield was down less than a basis point at 4.878%.

One basis point is equal to 0.01%, and yields and prices move in opposite directions.