The Globe and Mail reports in its Wednesday edition that U.S. and Canadian stocks closed lower on Tuesday, pressured by rising Treasury yields as investors assessed prospects for the Federal Reserve's interest rate path. A Reuters dispatch to The Globe says that while all three main U.S. stock indexes and the Toronto Stock Exchange had logged gains in the previous week on hopes for less hawkish central banks, that sentiment faded somewhat by Monday. U.S. Treasury yields rose after economic data showed resilience and Fed governor Christopher Waller said it suggests that the central bank need not change rates any time soon. The U.S. 10-year yield, a global benchmark, rose 8.9 basis points at 4.262 per cent. Canadian bond yields were also sharply higher. The Bank of Canada is widely expected to announce no change to its trend-setting overnight interest rate on Wednesday. Data on Tuesday showed orders for U.S. factory goods declined 2.1 per cent in July, ending a four-month streak of gains. Economists were looking for an even bigger decline. The S&P/TSX Composite Index ended down 131.6 points at 20,413.76. After markets closed, Enbridge announced that it is planning a $4-billion bought-deal offering of shares.