"Bill Ackman's Treasury Bet: Yields Little Changed as Dow Jones Falls"

U.S. Treasury yields remained steady on Tuesday after slipping back below 5%, though they remained near 16-year highs. The 10-year Treasury note was up around 2.3 basis points at 4.85%, while the 30-year Treasury bond climbed less than one basis point to 4.99%. The recent volatility in the bond market has been difficult to explain, with factors such as geopolitical risk and comments from Federal Reserve Chairman Jerome Powell contributing to the swings. The Federal Open Market Committee is set to announce its next interest rate decision on November 1st.