U.S. sovereign bond and note yields slid slightly Wednesday amid a dip for U.S. stocks and after the Treasury Department sold $29 billion in seven-year notes at a high yield of 2.161 percent.
For the auction, the bid-to-cover ratio, an indicator of demand, was 2.34 versus a recent average of 2.46. Indirect bidders, which include major central banks, were awarded 47.1 percent against a recent average of 55 percent. Direct bidders, which include domestic money managers, took 14.1 percent.
Bonds had traded in a tight range ahead of the sale as oil prices continued to slide and stocks fell.
Seven-year notes yielded 2.1109 percent, down from a closing price of 2.117 percent. (Treasury yields move inversely to prices — see CNBC Explains)