U.S. Treasury prices inched higher as the stock market rose after a few days of straight declines.
Just before market close, benchmark U.S. 10-year notes were down 2/32 in price to yield 2.603 percent, from 2.605 earlier.
U.S. 30-year bonds saw little change in price with yields hovering at 3.418 percent, from 3.412 in the afternoon.
The Federal Reserve's policy-setting panel will meet next week and is widely expected to decide to continue to pare the central bank's massive bond-buying stimulus by another $10 billion per month.
Meanwhile, Kevin Giddis, senior managing director at Raymond James, offered a different perspective.
"Following the bond markets price action today I am still very puzzled why so many still feel that the Fed is about to tighten, he told CNBC. "Maybe they are looking at a different set of data, but to me, as long as the economic indicators remain this choppy, and inflation is around the 2.00 percent level, I can't see the Fed moving sooner than the end of next year."
"In addition to the numbers, the geopolitical risk that tends to capture the bond markets' attention only increases the chance that as long as the risk off trade is favorable to Treasuries, the Fed tightening sooner seems like a frivolous prediction," Giddis said.
Less predictable and of great import to markets will be fresh economic forecasts from the policymakers, which could show officials see faster progress toward the Fed's goals of full employment and 2 percent inflation than they saw in March, the last time official forecasts were published.