US Treasury prices fall

Prices were down on US Treasury bonds on Wednesday as equities markets saw gains and as an auction of $13 billion in new 10-year Treasuries didn’t generate much enthusiasm.

Indirect bidders, a clue to the amount of buying by foreign central banks, only accounted for about 32 percent of the auction.

Two-year Treasury bonds were yielding 4.68 percent, higher than Tuesday’s late quote of 4.58 percent.

Ten-year issues yielded 4.88 percent, up from 4.78 percent on Tuesday, while yields on thirty-year paper went back above the 5 percent level to yield 5.03 percent after yielding 4.94 percent late Tuesday.

An auction of new thirty-year bonds is coming up on Thursday.

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