The 10-year Treasury yield

rose ahead of $67 billion in bond auctions by the Treasury department this week.

At around 5:10 a.m. ET, the benchmark 10-year note yield was up 4 basis points at 4.24%, while the 30-year Treasury bond yield

climbed more than 5 basis points to 4.82%.

The Treasury department is expected to sell $42 billion of 10-year notes on Wednesday and $25 billion of 30-year bonds.