Treasury bond prices fell Wednesday as more evidence of a rebound in the U.S. economy combined with some supply issues to push up yields.
The 10-year note was recently losing 13/32 to 98 19/32, yielding 5.19%, while the 30-year was losing 12/32 to yield 5.52% and the 2-year was down 5/32 to yield 3.23%.
Encouraging retail reports from
suggested the American consumer was still healthy and boosted stocks.
Bond prices were also being pressured by a government auction of 2-year notes scheduled for Thursday. About $23 billion will be sold, making it the biggest-ever offering in that maturity.