The following were the yield and basis point (bp) movements of some of the most-watched 10-year bonds this afternoon:
US: 2.54% (+2bp)
UK: 2.60% (0bp)
Germany: 1.35% (+0bp)
France: 1.65% (+1bp)
Spain: 2.77% (+1bp)
Italy: 2.89% (+1bp)
Japan: 0.53% (0bp)
Portugal: 3.84% (+1bp)
Greece: 6.14% (+1bp)
Bond yields across the globe were generally higher ahead of a key speech from US Federal Reserve Chair Janet Yellen tomorrow.
Yellen will testify to the Senate Banking Committee and to the House Committee on Financial Services on Wednesday.
"Eventually I expect Yellen to hint at a first rate hike in the first quarter of next year and when she does, investors may well freak out," said Alpari UK analyst Craig Erlam.
"That could well bring the end of these daily records being made and be the start of the next correction."
Fed policymakers last month agreed to end the bond buying programme in October provided the economy improves, minutes released from the meeting last week showed.
Tomorrow's agenda in the US also includes the all-important retail sales report which is expected to show a 0.6% year-on-year increase in June, after increasing 0.3% the previous month, according to estimates by analysts.
US 10-year yields had the highest jump, up two basis points to 2.54%.
Today's agenda was relatively quiet with the focus on European Central Bank President Mario Draghi who was due to speak in front of the European Parliament after close of trading. He was expected to reveal new details about the ECB's bank-lending program and possibility of asset-backed securities purchases.
A report on Eurozone industrial production today revealed a 0.5% year-on-year increase in May, as forecast, following a 1.4% rise a month earlier. On the month, output contracted 1.1% in May from the previous month when it climbed 0.7%. Economists had pencilled in a 1.2% gain.
Meanwhile, the International Monetary Fund (IMF) has warned that the Eurozone is weak and risks falling into deflation.
The IMF recommended the euro-area repair bank balance sheets and step up reforms to boost employment. It also reiterated that the ECB should be ready for quantitative easing should inflation stay too low.
Gross domestic product next year is expected to rise to 1.5% from 1.1% in 2014 - compared to April's prediction of 1.2% growth this year.
Bonds in the euro-area were mostly up, including France, Italy, Portugal and Greece.
Portugal's 10-year government bonds had the biggest two-day advance in a month on reports the periphery nation could contain financial problems at one of its banking groups.
A parent company of Banco Espirito Santo SA, Portugal's second-largest bank, failed to make some debt payments on commercial paper. The bank said it had exposure of €1.18bn to companies of Grupo Espirito Santo through loans, securities and other items. It also said it has a capital buffer of €2.1bn, above the regulatory minimum following a June capital increase.