Encouraging economic reports are pushing Treasury yields to their highest levels in seven months.

In separate reports released Tuesday, the government said wholesale prices, business inventories and retail sales are on the rise.  Signs of a stronger economy encourage investors to move money from Treasurys into riskier investments, such as  stocks.

In afternoon trading, the 10-year note was down 78.1 cents. That pushed the yield to 3.37 percent, from 3.28 percent late Monday. The 30-year yield was trading at 4.49 percent, its highest level since May 3.

Investors are also waiting for a Federal Reserve announcement Tuesday afternoon to see if whether the Fed adjusts its $600 billion bond-buying program.