Yields higher on US Treasury bonds

Prices on US Treasury bonds fell and yields rose slightly on Thursday after an auction of $13 billion in five-year notes drew average demand. Analysts said that there was no one single reason that prices were down, although some investors might be waiting to see the government’s first estimates of US gross domestic product in the first quarter, due on Friday.

Ten-year treasury notes were yielding 4.69 percent at mid-afternoon in New York, up from 4.66 percent on Wednesday. Two-year bonds were at a yield of 4.66 percent, up from 4.65 percent, while five-year notes were yielding 4.59 percent. Thirty-year issues were up from 4.84 percent late Wednesday to a yield of 4.87 percent on Thursday.

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