Bond Report: Treasury yields halt multisession fall after poor auction of government debt

Treasury prices came off session lows Wednesday, pushing yields higher, after a poor debt auction and increased trade optimism weighed on trading for government paper.

What are Treasurys doing?

The 10-year Treasury note yield TMUBMUSD10Y, +0.98% climbed 3.1 basis points to 2.479%. The 2-year note yield TMUBMUSD02Y, +0.53% was up 0.9 basis point to 2.291%.

The 30-year bond yield TMUBMUSD30Y, +1.13% rose 2.5 basis points to 2.887%. Bond prices move in the opposite direction of yields.

See: Here’s how trade uncertainty could send the 10-year Treasury yield plunging below 2.40%

What’s driving the market?

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