Treasury yields rise as Iran indicates it is willing to end hostilities and resume nuclear power talks, potentially easing geopolitical tensions. The Empire State Manufacturing Survey shows activity continues to slow in New York.

U.S. government bond yields have been moving lower since late May, with the latest push coming from a weaker retail sales report. The 10-year Treasury yield was down 3.7 basis points to 4.427% on Tuesday as data showed consumers spent less money last month than expected.