U.S. government debt prices held lower after the Treasury Department auctioned $12 billion in 30-year bonds at a high yield of 2.475 percent on Tuesday.
The bid-to-cover ratio, an indicator of demand, was 2.13, below a recent average of 2.33.
Indirect bidders, which include major central banks, were awarded 57.9 percent, below a recent average of 62 percent. Direct bidders, which include domestic money managers, bought 4.6 percent, also below a recent average of 10 percent.
In midday trading, 10-year Treasury note yield hit a session high of 1.752 percent, while the yield on the 30-year Treasury bond was hit a high of 2.488 percent. The 10-year note yield last sat near 1.7307 percent, while the 30-year bond yield was near 2.46 percent.
The yields on the 5-year and 2-year Treasury notes also hit highs of 1.27 percent and 0.814 percent, respectively. Bond yields move inversely to prices.
The German 10-year bund yield also neared a session high of 0.072 percent, its highest level since June 23.