U.S. Treasury prices remained lower on Wednesday as the market absorbed a fresh supply of five-year Treasury notes.
The Treasury Department auctioned $35 billion in five-year notes at a high yield of 1.467 percent, compared to 1.463 at last month's sale. The bid-to-cover ratio, an indicator of demand, was 2.57, stronger than the 2.50 recent average.
The yield on the five-year Treasurys was unchanged at 1.438 percent. The yield on the benchmark 10-year note rose 1 basis point to 2.15 percent.