Treasury Yields Move Higher

Treasury prices were tumbling a day after they soared amid a global equity meltdown that had investors running for safety.

As of late morning Wednesday, the 10-year note was falling 12/32 in price to 100 16/32, yielding 4.56%, and the 30-year bond was losing 22/32 to 101 7/32, yielding 4.67%. Yields and prices move in opposite directions.

On the shorter end, the two-year note was off nearly 4/32 to 100 6/32, yielding 4.64%, and the three-year was losing 5/32 to 100 17/32, yielding 4.56%. The five-year dropped 8/32 to 100 15/32 and was yielding 4.52%.

Turning to the foreign exchange market, the dollar was stronger against other major currencies, including the yen, the euro, the pound and the Swiss franc.