India, Oct. 13 -- US Treasury yields fell on Tuesday as oil prices dropped. Investors were also preparing for important US economic data due later this week, including the latest inflation report. The data could help them understand how inflation is changing and what the Federal Reserve may do with interest rates next.

The 10-year US Treasury yield fell by more than 5 basis points to 5.1937%. The 10-year Treasury yield is an important benchmark for borrowing costs in the US. It influences interest rates on mortgages, auto loans and credit cards, according to CNBC.

The 30-year US Treasury yield also moved lower. It fell by 4 basis points to 5.5580%. Yields on longer-term US Treasury bonds can be affected by geopolitical events and change...