Treasuries were resurgent Tuesday as investors sought out safer assets amid ongoing worry about U.S. regional banks and as economic data pointed to a softening labor market.

Yields on Treasury notes dived, with maturities from two- to three-year sectors leading the way, dropping about 19 basis points (bps) or more on the day. The moves, helped also by a slide in oil prices, reversed shifts from the previous day when Treasury rates took a notable leg up.

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