U.S. government debt prices were lower on Tuesday, as investors prepared themselves for the next set of moves in the oil market.
U.S. Treasury yields hit their highest levels since June on Tuesday morning. The yield on the five-year note hit a high of 1.312 percent, while the yield on the 10-year note hit a high of 1.781 percent. Those were the highest levels for those Treasury yields since June 3. The 30-year Treasury bond yielded as much as 2.516 percent, its highest level since June 24.
The yield on the benchmark 10-year Treasury note last sat higher at around 1.7622 percent, while the yield on the 30-year Treasury bond was also higher at 2.4976 percent. Bond yields move inversely to prices.