U.S. government debt prices rose on Tuesday as investors fled riskier assets and geared up for a key Federal Reserve meeting.
The yield on the benchmark 10-year Treasury note sank to 2.826 percent while the yield on the 30-year Treasury bond dropped to 3.082 percent. Bond yields move inversely to prices.
Stocks have suffered wild bouts of volatility as of late, with the S&P 500 dipping as much as 2 percent on Monday, marking a new low for the index. Major indexes pointed to a marginal recovery on Tuesday however.