U.S. government debt prices wavered Tuesday amid key data releases and ahead of the the U.S. Federal Reserve monetary policy decision on Wednesday.
The Federal Open Market Committee (FOMC) is scheduled to begin its two-day meeting Tuesday and release its statement and economic projections followed by a news conference on Wednesday.
Benchmark 10-year Treasury note yields rose slightly Tuesday to 1.965 percent from a close of 1.963 percent on Monday. Yields on bonds move inversely to prices.
Thirty-year Treasury bond yields edged lower to 2.722 percent, after closing at 2.732 percent in the previous session.
Yields on the two-year and five-year notes also rose.
The Fed is expected to hold interest rates on Wednesday and Fed Chair Janet Yellen will provide explanation at her post-meeting press conference.
On the data front, U.S. retail sales fell 0.1 percent in February, less than expected, as automobile purchases slowed and cheaper gasoline undercut receipts at service stations.
Producer prices fell 0.2 percent last month after a 0.1 percent gain in January.
January business inventories increased 0.1 percent, while the March NAHB housing market index came in at 58.
Meanwhile, the Bank of Japan maintained its commitment to raise the monetary base by 80 trillion Japanese yen annually and left the rate it charges commercial banks on certain reserves at 0.1 percent, after a two-day monetary policy meeting that began on Monday.