Treasury bond prices up after 2-year auction

Prices for US Treasury bonds were a bit higher on Wednesday after an auction of two-year bonds attracted a respectable demand and after equities markets declined from early highs.

Two-year Treasury bonds yielded 3.98 percent, down from 4 percent on Tuesday afternoon, while five-year issues were yielding 4.26 percent.

Ten-year paper was at a yield of 4.62 percent, while thirty-year bond yields dropped from 4.91 percent on Tuesday afternoon to 4.89 percent Wednesday.

The yield spread between two-year and ten-year notes widened to 64 basis points.

Story link: Treasury bond prices up after 2-year auction