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U.S. Treasury prices edged lower Tuesday after a key gauge of consumer confidence jumped to the highest level since July.

Traders were cautious as they awaited the outcome of discussions among European leaders on bolder steps to contain the region's debt troubles.

The price of the benchmark 10-year Treasury fell 21 cents per $100 invested Tuesday. The yield rose to 2 percent from 1.97 percent late Monday.

The Conference Board, a private research group, reported that its Consumer Confidence Index jumped in November to its highest level since July. The better reading on the U.S. economy diminished demand for ultra-safe assets like Treasurys.

Europe's finance ministers were considering wide-ranging plans for protecting the region's shared currency, the euro, from collapsing. One proposal being considered is for countries to cede some control over their finances to a central European authority.

In other trading, the yield on the 30-year bond rose to 2.96 percent from 2.92 percent Monday. Its price fell 71 cents per $100 invested. The yield on the two-year note was 0.27 percent, up slightly from 0.26 percent.

The three-month T-bill paid a yield of 0.01 percent. Its discount wasn't available.

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