U.S. sovereign bonds were choppy Wednesday, as oil prices and global stocks continued to rally and the Treasury Department saw strong demand at a five-year note auction.
The benchmark 10-year Treasury note yield dipped to 1.862 percent on Wednesday, while the yield on 30-year bonds climbed to 2.655 percent. Two-year yields fell to 0.914 percent. U.S. five-year note yields rose to 1.401 percent.
Yields move inversely to bond prices. They had broadly risen earlier in the day.