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Treasury yields rose on Tuesday, as investor focus remained on a key jobs report due out later in the week and central bank policy in Europe. The yield on the benchmark 10-year Treasury note

climbed more than 2 basis points to 1.309%. The yield on the 30-year Treasury bond rose more than 2 basis points to 1.925%. Yields move inversely to prices and 1 basis point is equal to

0.01%. Treasury yields were lower earlier in the session but moved higher following comments from members of the European Central Bank. The euro zone reported its highest inflation reading

in a decade. "The markets were surprised because we had a couple of ECB members deliver rather hawkish rhetoric. And that kind of kickstarted the move higher in global bond

yields," said Ed Moya, senior market analyst at Oanda. The August nonfarm payroll report is due to be released at 8:30 a.m. ET on Friday. Economists polled by Dow Jones expect 750,000

jobs were created in August and the unemployment rate fell to 5.2%. The Federal Reserve is monitoring the recovery in the labor market to gauge when it should tighten monetary policy in the

U.S. . Fed Chairman Jerome Powell indicated in a speech at the central bank's annual Jackson Hole symposium on Friday that it would likely begin to taper bond purchases before the end

of the year. However, Powell said interest rate hikes were not imminent as there was still "much ground to cover" before the economy hits full employment. STOCK PICKS AND INVESTING

TRENDS FROM CNBC PRO: * ‘Next dragon’: Fund manager names an under-the-radar, ‘very cheap’ market to play right now * Morgan Stanley's Slimmon says the U.S. infrastructure sector is

'very powerful,' names stock pick In terms of data due out on Tuesday, the June S&P/Case-Shiller Home Price index showed another record high for home prices. The August

Conference Board consumer confidence survey showed a larger-than-expected decline. An auction was held on Tuesday for $45 billion of 21-day bills. — _CNBC's Yun Li and Jeff Cox

contributed to this market report._