U.S. government debt yields varied Tuesday as short-term Treasury yields climbed while longer-term debt yields fell, adding to concerns about the state of the economy.
This "flattening" trend is typically present before economic downturn as risk inflates short-term debt yields.
The yield on the benchmark 10-year Treasury note sat lower at around 2.363 percent at 2:19 p.m. ET, while the yield on the 30-year Treasury bond was down at 2.762 percent. Bond yields move inversely to prices.
Meanwhile, the 2-year Treasury note yield hit a high of 1.776 percent, its highest level since Oct. 15, 2008 when the 2-year note yielded as high as 1.832 percent.
Puzzling investors further has been a string of healthier data, which would indicated a more robust economy.