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US Treasury yields mixed as investors turn attention to slew of data releases

U.S. government debt yields varied Tuesday, as investors digested a new batch of economic data that to came out throughout the trading day.

The yield on the benchmark 10-year Treasury note sat lower at around 2.3 percent at 2:38 p.m. ET, while the yield on the 30-year Treasury bond was up at 2.806 percent. Bond yields move inversely to prices.

Earlier, the yield on the 2-year Treasury note hit a high of 1.55 percent, its highest level since Nov. 2008, when the 2-year yielded as much as 1.6 percent.

U.S. Markets Overview: Treasurys chart

Data was a key mover and shaker for bond markets Tuesday, with a whole slew of financial releases expected to be published.

U.S. import prices for September recorded their biggest increase in more than a year amid rising petroleum and food costs, but underlying imported inflation remained modest, reported Reuters.

The Labor Department said that import prices rose 0.7 percent last month, their largest gain since June 2016, after an unrevised 0.6 percent rise in August.

After a hurricane-induced dip, confidence among U.S. homebuilders increased more than expected in October.

A monthly sentiment index from the National Association of Home Builders rose 4 points to 68, the highest level since May of this year. A reading above 50 is considered positive sentiment. The index stood at 63 in October 2016.

Elsewhere, U.S. President Donald Trump is expected to interview Fed Chair Janet Yellen on Thursday, about potentially staying on as the chair of the U.S. central bank, a source familiar with the matter confirmed to CNBC Monday.

President Donald Trump will meet with Greek Prime Minister Alexis Tsipras at the White House on Tuesday, where the two leaders are expected to discuss topics including defense cooperation and economic investment.

According to diplomatic sources, the leaders are focusing on investments and collaboration in the field of energy.

Investors will also be waiting with bated breath for any developments surrounding the future of the U.S.' involvement in the Iran nuclear accord.