The two-year note was falling 2/32, pushing the yield up to 0.79%; the 10-year note was down 3/32, raising the yield to 3.436%; and the 30-year bond was falling 0/32, pushing the yield up to 4.481%.
The iShares Barclays 1-3 Year Treasury Bond Fund ( SHY ) was flat at $83.74, iShares Barclays 7-10 Year Treasury Bond Fund (IEF) was down 0.2% to $92.95 and iShares Barclays 20+ Year Treasury Bond Fund (TLT) was down 0.1% to $92.16.
iShares Barclays TIPS (Treasury Inflation Protected Securities) Bond Fund (TIP) was flat at $109.27.
May cocoa futures were falling as traders braced for a possible resolution of the political strife taking place in the world's largest cocoa producing country and a return to normal cocoa export levels. May cocoa futures were falling 1.8% to $2,967 a metric ton, pointing to the end of a two-day winning streak. On Monday, the battle over main Ivory Coast city Abidjan persisted for the fifth straight day, with fighters favoring President-elect Alassane Ouattara gaining control. The Ivory Coast has been embroiled in political turmoil. The conflict involves Laurent Gbagbo, a 10-year incumbent who refuses to step down, and Ouattara, who declared victory during the country's 2010 presidential elections and wants Gbagbo to formally resign.