Treasuries fall for 2nd day as Fed starts policy meeting

U.S. Treasuries dropped on Tuesday trading session falling for the second successive day as the U.S. Federal Reserve begins its two-day policy meeting expected to bring further cut of its bond-buying program to $45 billion a month. The benchmark 10-year government bonds yielded one basis points higher at 2.71% by 10:20 a.m. in New York.