U.S. bonds held on to earlier losses on Wednesday after the Treasury auctioned $24 billion in 10-year notes at a high yield of 2.795 percent. The bid-to-cover ratio, an indicator of demand, was 2.54.
The market is now bracing for the Treasury's auction of $16 billion in 30-year bonds on Thursday.
On Tuesday, yields on U.S. 30-year bonds climbed to a three-week peak, while that of 10-year notes hit a two-week high after the U.S. House of Representatives passed a measure on the U.S. debt ceiling and new Federal Reserve chair Janet Yellen vowed to maintain the bank's current strategy of reducing asset purchases at a gradual pace.
The House approved a one-year extension of federal borrowing authority after Republicans caved in to President Barack Obama's demands to allow a debt-limit increase without conditions.
(Read more: Bad jobs reports won't change tapering: Yellen)
The 221-201 vote was a stark contrast with the confrontational fiscal tactics House Republicans have used over the past three years, resulting in last October's 16-day government shutdown.