U.S. government debt prices were mixed on Tuesday as investors eyed fresh economic data after President's Day and awaited the 2-year note auction.
The Treasury Department auctioned $26 billion in 2-year notes at a high yield of 1.23 percent. The bid-to-cover ratio, an indicator of demand, was 2.82. The demand on the 2-year is the highest since August, well above a recent average of 2.67.
Indirect bidders, which include major central banks, were awarded 49.8 percent. Direct bidders, which includes domestic money managers, bought 20.1 percent.
The yield on the 2-year note was higher around 1.917 percent.
The yield on the benchmark 10-year Treasury notes, which moves inversely to price, was lower at around 2.429 percent, while the yield on the 30-year Treasury bond was also lower at 3.039 percent.