U.S. sovereign bond U.S. sovereign bond prices were lower Wednesday as oil prices reversed course.
The yield on the benchmark 10-year Treasury note, which moves inversely to its price, was lower at 1.8470 percent, while the yield on the 30-year Treasury bond was lower at 2.6535 percent.
Oil prices reversed course Wednesday as the Energy Information Administration reported a small crude build. Earlier,oversupply worries resurfaced on the back of news that Kuwait three-day oil worker strike had ended. The strike had effectively reduced production from 2.8 million barrels per day to 1.5 million.