Traders weigh potential for higher Fed rates, Treasury yields tick up.

U.S. Treasury yields rose slightly Tuesday as traders weighed the prospects of higher Federal Reserve rates going forward. Investors remain focused on the likely trajectory of monetary policy, as the Federal Reserve continues its efforts to rein in inflation against the backdrop of persistent concerns about economic growth, and following several banking collapses that caused chaos in bond markets over the past month. The Fed isn't scheduled to meet until early May, but traders are pricing in a 60% chance that the central bank will hike rates by 25 basis points next month.