Treasurys fell on a wave of corporate bond supply and upbeat housings starts data that revived expectations the Fed may raise rates later this year.
European equities finished sharply higher, with investors reacting to corporate earnings and focusing on comments by a member of the ECB.
The dollar stepped backbut held close to a two-week peak as investors focused on the pace of the U.S. Federal Reserve's coming interest rate hikes.
Equities in Shanghai and Tokyo were the star performers in Asia on Tuesday.
U.S. stock index futures indicated a flat to higher open for Wall Street shares Wednesday ahead of the release of Fed minutes.
Crude settled down 3.65 percent at $57.26 a barrel as high supplies meant that markets remain oversupplied.
Gold rose after Federal Reserve minutes showed policy makers believed it would be premature to raise interest rates in June.
U.S. stocks closed higher, with the Dow and S&P setting records, as investors shook off concerns about Greek debt and a renewed rise in bond yields.
U.S. government debt prices slipped on Monday after the release of housing market data.
European shares closed higher on Monday after trading in and out of the red during the trading session, amid growing concerns about the future of cash-strapped Greece.
A new trading week ushered in another mixed trading session for Asia, as investors' confidence wavered following more below-view data from China.
The dollar made broad-based gains, recovering some ground after several weeks of selling that brought the greenback to more attractive levels.
U.S. stocks closed narrowly mixed in choppy trade on Friday, as disappointing data weighed on investor sentiment amid dollar declines and lower bond yields
U.S. stock index futures indicated Wall Street would follow European markets higher on Tuesday, after finishing at record highs on Monday.
Gold hit three-month highs, rising for a fifth session, as a run of soft US data supported beliefs that the Fed will hold off hiking rates for now.
U.S. Treasury yields slipped on Friday on more economic data and after a 30-year auction that met with lackluster demand.
WTI settled down as a rallying dollar weighed on the commodities complex amid a bearish price outlook by Goldman Sachs.
European equities finished lower, having fluctuated for much of the session on Friday, following weak US data and strength in the euro.
Stock markets in Shanghai were the biggest laggards on Friday, while the rest of Asia advanced on the back of an impressive U.S. lead.
Gold closed higher, logging their biggest weekly gain since mid-January as soft US consumer sentiment data weighed on the dollar.
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BofA Merrill Lynch's David Woo said that we are currently in the middle of a currency war in which the Fed is unable to play.
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