The yield in the US 10-year Treasury note was at 4.14% on Tuesday, holding gains from last week as markets continued to assess the outlook on rates and the future supply of Treasury securities. Long-dated yields sustained their upswing as a batch of robust economic data aligned with hawkish remarks from Fed Chairman Powell following the central bank's last decision. Retail sales rose sharply above expectations in August, while industrial production unexpectedly expanded. Additionally, the S&P PMI continued to point to an expansion in activity, while firms surveyed flagged aggressive inflationary pressures. The data aligned with the Fed Chairman Powell's remarks that September's rate cut marked the start of a cutting cycle, lifting yields across all maturities as FOMC members projected higher core inflation and GDP growth. Still, the Chairman also reiterated that the Fed's balance of risks is shifting to prioritize a weakening labor market in a speech in Rhode Island.