TOKYO: Treasuries prices were steady in Asia on Tuesday as concerns about Greece's debt woes offset the impact of recent robust US data.
Greece remained in focus, with investors worried it could face a disorderly default after its leaders delayed approving a new bailout deal.
The package must be approved by the euro zone, the European Central Bank and the International Monetary Fund before Feb. 15 in order to complete legal procedures for a bond swap deal by a March 20 debt redemption.
"Concerns about Greece kept the safe-haven bid alive in US debt, even after the recent improved economic data," said a fund manager at a Japanese life insurance company.
The 10-year Treasury yield was steady at 1.91 percent.
The yield on 30-year Treasuries stood at 3.10 percent, stable from US trading.
The US Treasury plans to sell $72 billion in longer-dated supply in its quarter refunding, starting later on Tuesday with a $32 billion offering of three-year notes, followed by a $24 billion auction of 10-year debt on Wednesday and $16 billion of 30-year bonds on Thursday.
On Friday, 10-year and 30-year yields surged 10 basis points and 12 basis points respectively, after better-than-expected payrolls data raised expectations the US Federal Reserve could increase interest rates earlier than its stated three-year timeframe for keeping rates low.
On Monday, the president of the St Louis Federal Reserve Bank, James Bullard, said a prolonged period of ultra-low interest rate policy could hurt the US economy in the long run.
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