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Treasury Prices Drift Up

The dollar is weaker.
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Treasury prices were on the rise Wednesday as traders awaited the start of a two-day Congressional visit by

Federal Reserve

Chairman Ben Bernanke.

The 10-year note was up 3/32 in price, yielding 4.80%, and the 30-year bond was higher by 5/32 and yielding 4.89%. The two-year was adding 1/32, yielding 4.93%, and the five-year was also up 1/32, yielding 4.79%.

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In the currency market, the dollar was weaker against the yen, the euro and the pound.