U.S. sovereign bonds yields held lower on Wednesday after the Treasury Department auctioned $21 billion in 9-year 11-month notes at a high yield of 2.233 percent.
The bid-to-cover ratio, an indicator of demand, was 2.64. Indirect bidders, which include major central banks, were awarded 62 percent, while direct bidders, which include domestic money managers, were awarded 12.1 percent.
After the sale, bond yields were down, as the whipsaw moves seen in the oil price added to investor anxiety ahead of the Federal Reserve's meeting next week. Investors moved into safe haven U.S. Treasurys after U.S. crude fell below $37 per barrel and internationally traded Brent fell below $40 on Tuesday for the first time since early 2009.
Yields on 10-year Treasurys were at 2.2094 percent on Wednesday, after closing at 2.238 percent on Tuesday.
Meanwhile, 30-year bond yields traded at 2.9624 percent after ending at 2.975 percent in the previous session.