The bond and stock markets stuck to narrow trading ranges Tuesday, with the 30-year bond falling to a new low of 6.44% and stocks falling back slightly.
The Treasury sold $16.67 billion of three-year notes at a yield of 4.49%, up 3 basis points from late Monday. While the 30-year bond yield fell 2 basis points, the yields at all other maturities rose only a basis point or two.
Trading is in tight ranges in anticipation of auctions for the 10-year note and 30-year bond, as well as reports this week on consumer and produce price inflation.
Stocks finished mostly lower as investors took profits after a record advance on Monday.
The Dow Jones industrial average, which gained 15.65 to a new high on Monday, fell 3.35 to 3,572.73.
Broader indexes also retreated, but advancing issues narrowly led decliners on the Big Board.
Prices remained in a narrow band all session. But trading volume jumped to about 255.5 million shares on the New York Stock Exchange from 231.7 million on Monday.