U.S. sovereign bond prices were mixed Wednesday following the release of the Federal Reserve's Beige Book and after the Treasury Department saw good demand at a 10-year note auction.
The two-year note yield was about flat at 0.74 percent.
In the Beige Book, the Fed said the U.S. economy continued to expand from late February to early April and low unemployment appears to be spurring an uptick in wage growth.
The Treasury on Wednesday sold $20 billion in 10-year notes at a high yield of 1.765 percent. The bid-to-cover ratio, an indicator of demand, was 2.75, versus a recent average of 2.62.
Indirect bidders, which include major central banks, were awarded 60 percent. Direct bidders, which include domestic money managers, bought 15.3 percent.
Investors also digested March retail sales, which fell 0.3 percent, versus an expected increase of 0.1 percent. Producer prices also fell last month, amid weak services costs.
Business inventories data for February came in line with consensus estimates, at negative 0.1 percent.
Oil prices have taken a negative turn after prices hit multi-month highs during Tuesday's trading session. Prices for the U.S. benchmark WTI settled 0.97 percent lower.
— Reuters contributed to this report