* U.S. 2-year note auction show strong results * Tuesday's batch of U.S. data was better than expected. * U.S. 5-year breakeven rates hit highest since January 2004 (Adds new comment, auction results, update prices) By Gertrude Chavez-Dreyfuss NEW YORK, Oct 26 (Reuters) - U.S. Treasury yields were mixed on Tuesday in thin volume, with those on the long end of the curve falling for a third straight session, as investors looked to next week's Federal Reserve meeting for clues on the timing of its first interest rate hike since December 2018. U.S. 10-year, 20-year, and 30-year Treasury yields all fell to one-week lows.
The U.S. 5-year inflation breakeven rate, which reflects inflation expectations over the next five years, hit another milestone on Tuesday, rising to 2.97%, the highest since at least January 2004. The U.S. 5-year yield, which reflects Fed tightening, was up less than basis point 1.1844%. U.S. 30-year yields were also down, nearly 2 basis points at 2.0690%.
Wall Street printed another duo of fresh record highs Tuesday as big-ticket earnings continue to impress and investors shrug-off inflation and growth pressures.