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.

Profit Taking

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.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.