Bond Report: U.S. government bond rates retreat as investors await Trump-Juncker summit, 5-year auction

U.S. government bond yields slipped on Wednesday as fixed-income investors watched for the latest developments between Washington and its international trade partners and as investors awaited an auction of bonds due later in the session.

The 10-year Treasury note yield TMUBMUSD10Y, -0.22% fell 1.2 basis points to 2.937%, the 30-year bond TMUBMUSD30Y, -0.30% gave up 1.6 basis points at 3.061%. Meanwhile, the 2-year note yield TMUBMUSD02Y, -0.30% edged back by 0.4 basis point to 2.641%, hanging around its highest yield since 2008.

Bond investors have seen mostly muted moves with the exception of Monday’s selloff.

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