U.S. government debt prices gyrated between gains and losses on Thursday as crude prices rose after back-to-back sell-offs.
The yield on the benchmark 10-year Treasury note sat slightly lower at 2.153 percent at 2:35 p.m. ET, while the yield on the 30-year Treasury bond rose to 2.727 percent. Bond yields move inversely to prices.
Crude futures for August delivery climbed 0.49 percent to settle at $42.74 a barrel. On Wednesday, oil hit its lowest level since August as investors remained concerned about a supply glut in the market. The commodity also fell more than 2 percent during Tuesday's session.
Yields had also been falling in the past two sessions.