U.S. sovereign bond prices held lower on Tuesday after the Treasury Department auctioned $20 billion in 10-year notes at a high yield of 1.516 percent on Tuesday.
The bid-to-cover ratio, an indicator of demand, was 2.33, its lowest level since March 2009 and below a recent average of 2.65.
Indirect bidders, which include major central banks, were awarded 54.3 percent, well below a recent average of 64 percent. Direct bidders, which includes domestic money managers, bought 7.9 percent, also below a recent average of 12 percent.
The yield on the 10-year Treasury note, which moves inversely to its price, was near a session high of 1.503 percent, its highest level since June 30 when the 10-year yielded as high as 1.546 percent. It was last at 1.5093 percent.
Meanwhile, the 30-year Treasury bond was last higher at 2.2287 percent.
The S&P 500 hit record intraday and closing highs in Monday's session, finishing 0.34 percent higher at 2137.16 points.