NEW YORK (CNNMoney.com) -- Treasurys turned lower Tuesday as demand for the safe-haven assets diminished on easing fears about Europe's debt crisis and a strengthening euro.
What prices are doing: The benchmark 10-year note slipped 15/32 to 101-20/32 in trade. Its yield rose to 3.31% from 3.26% late Monday. Bond prices and yields move in opposite directions.
The 30-year bond lost 23/32 to 102-19/32, yielding 4.22%. The 5-year note decreased 7/32 to 100-7/32 and yielded 2.09%, while the 2-year fell 2/32 to 99, yielding 0.77%.
What's moving the market: Demand for safe-haven assets including government-backed securities was tepid at the start of trade but faded as a strengthening euro boosted investor appetite for riskier assets.
The euro rallied above $1.23 for the first time in over a week and sent stocks surging.
But analysts expect Treasurys to remain in a tight range as investors gear up for economic reports on inflation, housing and the labor market due later this week.
Meanwhile, the government said net foreign purchases of long-term securities were $110.9 billion billion in November, compared to $157.7 billion in March.
China remained the biggest buyer of U.S. debt, increasing its holdings by $5 billion to $900.2 billion during the month. Japan, the second-biggest holder, bought $10.6 billion to total $795.5 billion, while the U.K. boosted its share by $42.2 billion, to hold $321.1 billion.
What analysts are saying: "We have a heavy economic calendar this week, and there's still a lot of uncertainty and volatility embedded in the marketplace," said Bill Larkin, portfolio manager at Cabot Money Management. "We have traders on both sides trying to calculate a direction for the markets."
While reports on the producer price index and consumer price index are expected to show that inflation remains subdued, Larkin said investors will be focusing on housing and labor market data, which continue to remain sensitive and are critical to a robust economic recovery.
"The way I look at it, the economic growth rate is still very low and we're still at risk for a double dip recession," Larkin said. "This type of environment makes Treasurys very attractive." 
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.80% | 3.88% | |
| 15 yr fixed | 3.20% | 3.23% | |
| 5/1 ARM | 3.84% | 3.88% | |
| 30 yr refi | 3.82% | 3.93% | |
| 15 yr refi | 3.20% | 3.23% |
Today's featured rates:
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 32,627.97 | -234.33 | -0.71% |
| Nasdaq | 13,215.24 | 99.07 | 0.76% |
| S&P 500 | 3,913.10 | -2.36 | -0.06% |
| Treasuries | 1.73 | 0.00 | 0.12% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Ford Motor Co | 8.29 | 0.05 | 0.61% |
| Advanced Micro Devic... | 54.59 | 0.70 | 1.30% |
| Cisco Systems Inc | 47.49 | -2.44 | -4.89% |
| General Electric Co | 13.00 | -0.16 | -1.22% |
| Kraft Heinz Co | 27.84 | -2.20 | -7.32% |
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