Bonds Pare Losses to Trade Flat as Stocks Slip
U.S. government bond prices pared earlier losses to trade briefly flat Wednesday after equities shed earlier gains.
The benchmark 10-year note's price traded unchanged for a yield of 4.27 percent, steady from 4.27 percent late Tuesday. Bond yields and prices move inversely.
The Dow Jones industrial average traded near flat, at 13,310 points.
Bonds reversed their course after a government report showed U.S. businesses inventories rose a larger-than-expected 0.4 percent in September while sales of goods rose 0.6 percent.
The biggest rise in inventories at retailers, manufacturers and wholesalers was in furniture, home furnishings, electrical supplies and appliance stores, where stockpiles rose 1.3 percent in September after a 0.3 percent rise in August, the Commerce Department said.