Treasuries were higher around midday Wednesday, and the various issues gained strength as their maturities lengthened.

The two-year note was recently up 4/32 to 100 6/32, yielding 2.89%. The five-year was gaining 8/32 to 96 24/32 with a yield of 4.24%, and the 10-year was climbing 19/32 to 100 7/32 to yield 4.97%.

The 30-year bond, which is being discontinued, was up 1 5/32 to 98 26/32, yielding 5.46%.