US Treaury yields gain on profit-taking

Prices for US Treasury bonds fell on Wednesday as investors took profits and seemed to pay little attention to new manufacturing and private sector employment data that did not live up to expectations.

In addition, Treasuries didn’t seem to be as bothered with recent problems surrounding corporate credit and the subprime sector.

Two-year Treasury bonds were yielding 4.55 percent, while five-year issues were up from Tuesday’s late quote of 4.56 percent to a yield of 4.59 percent.

Ten-year paper yielded 4.76 percent, up from 4.51 percent Tuesday, while thirty-year bonds were yielding 4.9 percent.

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