The yield on the benchmark 10-year Treasury note fell to 2.824 percent at 2:11 p.m. ET, off a low of 2.808 percent earlier in the session. That low marked the 10-year yield's lowest level since July 6.
The 30-year Treasury bond yield was in the red at 2.986 percent. Bond yields move inversely to prices.
"The topics discussed at the August FOMC meeting signaled that the Fed has made progress in it's rate hiking campaign, but it is starting to see some downside risks," said Ian Lyngen, head of U.S. rate strategy at BMO Capital Markets. "
From Thursday to Saturday, leading central bankers are gathered in Jackson Hole, Wyoming, to discuss the future of monetary policy and the ever-changing market structure. Fed Chair Jerome Powell is due to speak to attendees on Friday. The economic symposium and Fed minutes came amid tension between the central bank and the U.S. administration.
On Monday, President Donald Trump told Reuters that he would continue to criticize the Federal Reserve if it persisted with raising interest rates. He added that the Fed should do "what's good for the country."
Trade talks with China are set to kick off in Washington today, with a nine-member delegation from Beijing speaking to U.S. officials in order to find some way of relieving friction between the two nations. If the meeting goes well, this could lead to a future meeting between presidents Donald Trump and Xi Jinping. Trump, however, isn't expecting much progress from the talks.