U.S. Treasury yields declined on Tuesday as traders and investors flocked to the safety of bonds, while equities slid. Uncertainty driven by President Donald Trump's tariff moves, along with more disappointing economic data has resulted in the shift in sentiment.

Treasury yield dropped to its lowest level since December as concerns about the economy weighed upon traders. The yield on the benchmark 10-year Treasury was 6 basis points lower at 4.331%, and the 2-year Treasury yield slipped nearly 4 basis points to 4.