The yield on the US 10-year Treasury note dipped below 4.2% on Tuesday, falling for a second consecutive session as investors awaited key US economic data this week that could shape expectations for Federal Reserve policy. Reports due include the delayed employment and inflation data, along with retail sales figures. White House economic adviser Kevin Hassett noted on Monday that US job gains could slow in coming months due to weaker labor force growth and higher productivity. The Fed is widely expected to keep interest rates steady in March, with two rate cuts priced in later this year. Treasury yields also eased despite reports that Chinese regulators had advised financial institutions to limit their US Treasury holdings to reduce concentration risks and mitigate the impact of uncertain US economic policies.
