U.S. sovereign bond prices were higher Wednesday after the release of labor turnover and services data and as investors digested an auction of 10-year Treasury notes.
The Treasury Department auctioned $20 billion in 10-year notes at a high yield of 1.702 percent.
The bid-to-cover ratio, an indicator of demand, was 2.70, above a 10-auction average of 2.62.
Indirect bidders, which include major central banks, were awarded 73.6 percent, the largest on record and above a recent average 63 percent.
Direct bidders, which includes domestic money managers, bought 7.2 percent, below an average of 12 percent.
The yield on the 10-year Treasury note, which moves inversely to its price, traded lower at 1.7039 percent after the sale, and briefly hit a session low. The yield on the 30-year Treasury bond was also lower at 2.5130 percent. Two-year note yields were lower at 0.7712 percent.