The benchmark 10-year Treasury yield fell 2 basis points to 4.943%, the 2-year yield dropped 1 basis point to 4.741%, and the 30-year yield declined 2 basis points to 5.272%. Investors are awaiting the ADP weekly jobs data, due to be released at 1:15 PM ET on Tuesday. Federal Reserve Vice Chair Jefferson will speak at the New York Fed's Treasury Market Conference at 10:20 AM ET on Tuesday, and Governor Barr will speak at the Housing Affordability Summit in Chicago on Wednesday. Earlier, Chicago Fed President Austan Goolsbee stated in London that he is particularly focused on high inflation in the services sector and whether AI data center construction is overshooting, leading to total output exceeding the economy's capacity. He noted that if demand is too hot, the Federal Reserve will clearly take action. Goolsbee also mentioned that forecasters have pushed back the date for inflation to peak and begin to decline by over a year, from Q4 2025 to 2027, which he considers not a comforting pattern. Additionally, US Treasury Secretary Scott Bessent stated that all Iranian airlines will cease operations starting Wednesday. Affected by this, Brent crude futures prices rose over 1% to $101.53/barrel, and US WTI crude futures increased 0.7% to $96.45/barrel. US President Donald Trump will meet with world leaders at the United Nations General Assembly on Tuesday, as the Middle East conflict continues.