Yields on U.S. government debt finished mostly lower on Tuesday on President Donald Trump’s decision to not immediately announce a swath of tariffs on U.S. imports.

Treasury yields were flat, while Union Bancaire Privee is taking a more cautious approach to fixed income to start the year and sees a risk that the yields could increase.

U.S. Treasury yields were lower on Tuesday, as investors digested President Donald Trump's return to the White House and a slew of new executive orders.

Treasury yields extend their losses in the first day of trade in the U.S. after President Trump's inauguration. Trump stops short of imposing tariffs in his first day, but reaffirms they are coming. Yields fell last week on relatively mild inflation data,