U.S. sovereign bond prices were lower as investors focused on remarks from U.S. Federal Reserve officials on Tuesday and looked ahead to key jobs data due at the end of the week.
Treasury yields hit nearly two-week highs across the board as the yield on the benchmark 10-year Treasury note, which moves inversely to its price, hit a high of 1.6856 percent, while the yield on the 30-year Treasury bond hit a high of 2.4062 percent. The 10-year Treasury note last yielded about 1.6682 percent, while the yield on the 30-year Treasury bond last sat near 2.3923 percent.
The yields on the 2-year and 5-year Treasury notes also hit highs of 0.834 percent and 1.229 percent, respectively.
The yield on the German 10-year bund moved sharply higher to a session high, after Bloomberg reported that the European Central Bank may wind down its bond buying before the end of quantitative easing.
The ECB said in a statement, "The Governing Council has not discussed these topics, as President Mario Draghi said at the last press conference and during his recent testimony at the European Parliament."