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Fed’s Beige Book, ECB, data on the minds of bond investors

U.S. government debt prices were mixed on Wednesday, as investors focused on the world's leading central banks.

The Federal Reserve's Beige Book said most districts reported modest or moderate pace of expansion while labor market conditions remained tight.

The yield on the benchmark 10-year Treasury note sat slightly higher at 1.75 percent at 3:45 p.m., ET, while the yield on the 30-year Treasury bond was slightly higher at 2.51 percent. The two-year note yield, meanwhile, traded about flat at 0.8027 percent. Bond yields move inversely to prices.

Symbol
Yield
 
Change
%Change
US 3-MO
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US 1-YR
---
US 2-YR
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US 5-YR
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US 10-YR
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US 30-YR
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Sticking with the U.S. central bank, Fed officials are set to speak before and after the release with Dallas Fed President Robert Kaplan speaking at the Mayor's International Luncheon in Fort Worth, Texas, which takes place in the early afternoon. New York Fed President William Dudley will be at The Lotos Club discussing New York's economic history, at 7.45 p.m. ET.

Aside from the Fed, the European Central Bank will be of interest to investors, as the central bank meets to discuss the current state of its monetary policy programme on Thursday.

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Elsewhere on the data front, housing starts fell 9 percent in September. Mortgage applications rose 0.6 percent last week.

Meanwhile in oil, prices climbed higher on Wednesday, with U.S. West Texas Intermediate crude futures settling at $51.60 a barrel, its best close since July 2015.

No auctions are expected to take place by the U.S. Treasury on Wednesday.

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