Traders sold U.S. Treasury debt Tuesday after a hard-fought bailout deal for Greece eased fears of a financial catastrophe.

Countries that use the euro on assembled a patchwork of rescue programs worth $170 billion, aiming to prevent a Greek default and stabilize the foundering currency. Greece will slash spending and its bondholders will forgive some of its financial obligations.

The yield on the 10-year Treasury note rose to 2.05 percent in late trading versus 2.01 percent late Friday. Its price fell 37.5 cents per $100 invested. U.S. markets were closed on Monday for the Presidents' Day holiday.

The Treasury Department sold $35 billion in two-year notes at a rate of 0.31 percent Tuesday, the highest since July. Investors placed $3.54 worth of bids for every dollar of debt sold, less than the $3.75 at the last auction of two-year notes Jan. 24.

The government will sell $35 billion of five-year notes Wednesday and $29 billion of seven-year notes Thursday.

In other trading, the yield on the 30-year bond rose to 3.19 percent from 3.16 percent. Its price fell 59.4 cents per $100 invested.

The yield on the two-year note was 0.31 percent. The three-month T-bill paid a yield of 0.07 percent.