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US Treasurys hold lower after Fed minutes

Symbol
Yield
 
Change
%Change
US 3-MO
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US 1-YR
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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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U.S. sovereign bond prices fell on Wednesday amid a wider "risk-on" move in global asset markets.

The yield (which moves inversely to the price) on the benchmark 10-year Treasury note rose to 1.756 percent, while the yield on the 30-year Treasury bond also ticked higher to 2.585 percent.

A rebound in commodity prices buoyed equities on Wednesday morning, at the expense of so-called safe havens like fixed income, and investors were also reacting to strong data out of China overnight.

Major U.S. stock averages rose amid a climb in oil prices.

Investors digested the minutes of the Federal Open Market Committee's (FOMC) latest meeting, which showed the central bank debated an April rate hike.

More comments came from Fed members on Wednesday. Cleveland Fed President Loretta Mester said she expects a series of gradual rate hikes this year.

St. Louis Fed President James Bullard and Dallas Fed President Rob Kaplan are due to speak after the closing bell.

The tick higher in yields on Wednesday follows a fall in the previous session. The German 10-year bund yield edged toward zero, trading at 0.08 percent Tuesday. U.S. yields also moved lower in sympathy, and the 10-year was at 1.72 percent Tuesday.