Treasury prices were on the rise earlier Wednesday, but lately government fixed-income securities were slumping.
Hardest hit was the 30-year bond, which lost 19/32 in price to 100 28/32 and was yielding 4.70%. The 10-year was down 8/32 to 100 24/32, yielding 4.53%. Yields and prices move in opposite directions.
The two-year note fell 2/32 to 100 11/32, yielding 4.55%, and the three-year shed 3/32 to 100 24/32, yielding 4.47%. The five-year was off 5/32 to 100 25/32, yielding 4.44%.
As for the dollar, it was weaker against the Australian and Canadian dollars, but higher vs. the yen, the euro and the pound.