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Appetite for US Treasurys wanes as Brexit fears take backseat

U.S. sovereign bond prices were lower Wednesday with Brexit fears momentarily fading and investors taking advantage of equities after heavy bouts of selling.

The yield on the 10-year Treasury note, which moves inversely to its price, moved higher to 1.5087 percent, while the yield on the 30-year Treasury bond was also higher at 2.3123 percent. Two-year note yields rose, last trading at 0.6329 percent.

Earlier, 30-year bond yields fell to their lowest level since 2015.

Symbol
Yield
 
Change
%Change
US 3-MO
---
US 1-YR
---
US 2-YR
---
US 5-YR
---
US 10-YR
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US 30-YR
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U.S. stocks traded higher Wednesday, a day after major averages saw their best session since March 1 on Tuesday, with the Dow, S&P 500 and Nasdaq closing up 1.57 percent, 1.58 percent and 2.12 percent, respectively.

It comes after global stocks took a drubbing on Friday and Monday, as investors panicked over the impact of the U.K.'s pending exit from the European Union following a national referendum.

On the data front, U.S. personal income rose 0.2 percent in May, slightly below a Reuters estimate of 0.3 percent.

No major Treasury auctions are expected.