NEW YORK (MarketWatch) -- Treasury prices rose Tuesday, pushing yields down, ahead of the release of the minutes from the Federal Reserve's last policy meeting, when the statement pushed yields up sharply out of a multi-month range. Also, during Asian trading hours, the Reserve Bank of Australia continued to point to an interest-rate cut. Yields on 10-year notes 10_YEAR -1.37% , which move inversely to prices, fell 2 basis points to 2.18%. "Treasurys were slightly better bid overnight, taking more direction from the dovish statement from the RBA than the improving European economic data," said bond strategists at CRT Capital group. Gains are limited as traders expect the Fed's minutes, released at 2 p.m. Eastern time, to emphasize improvement in the economic outlook, which would be negative for bond prices. "We get the rather strong impression that everyone is looking for the bearish elements and trading accordingly, i.e. short."
