Yields for U.S. Treasurys rose to the highest in over three weeks following strong economic data on Monday.
In late afternoon, prices for the benchmark fell 3/32 to yield 2.348 percent, higher than Friday's close of 2.335 percent.
Yields and prices are inversely related.
The S&P 500 also set a record intraday high soon after it opened, reducing the appeal of Treasurys. But S&P and the rest of Wall Street gave up those earlier gains, pulling yields from their session highs.
The 30-year Treasury bond fell 1/32 in price to yield 3.069 percent in late afternoon.