The 2-year Treasury yield was last at 4.96% after climbing by 9 basis points.
U.S. Treasury yields climbed on Tuesday as markets reopened after the Labor Day holiday and investors considered what could be next for the economy.
Investors continued to weigh the outlook for the economy as oil prices spiked on a extension in supply curbs and soft services data rolled in across the globe.
"Surging oil prices are also weighing on sentiment as the risk of $100 appears to be back," he said.
Markets are bracing for the Federal Reserve's policy meeting later this month, with traders expecting the central bank to leave rates unchanged at its next meeting later this month.
Persons:
Ed Moya, nonfarm
Organizations:
Treasury, U.S, Labor, Investors, Federal