U.S. government debt prices fell on Wednesday as investors digested Donald Trump's remarks at his first press conference as president-elect, as well as new supply.
The benchmark 10-year note yield traded lower following the sale, around 2.358 percent. The yield on the 30-year Treasury bond was also lower, at 2.951 percent.
During the conference, Trump said he thinks Russia is responsible for election-related hacking, but he also pointed to cyberattacks by other groups and declined to criticize Russian President Vladimir Putin. "I think it was Russia, but I think we also get hacked by other people," he told reporters.
That said, he did not give details on some of his economic policies, particularly deregulation, lower corporate taxes and fiscal stimulus.
"When you look back about two months ago, ... the equities market has rallied so much while the bonds market has sold off. I think we're going to see a breather until we get more details" about Trump's policies, said Ninh Chung, head of investment strategy and portfolio management at Silicon Valley Bank.