U.S. government debt prices were mixed on Wednesday as investors prepared for the release of President Donald Trump's tax plan and eyed fresh supply.
The Treasury Department auctioned $34 billion in five-year notes at a high yield of 1.875 percent. The bid-to-cover ratio, an indicator of demand, was 2.34.
Indirect bidders, which include major central banks, were awarded 57.3 percent. Direct bidders, which includes domestic money managers, bought 5.3 percent.
The yield on the 5-year note was 1.838 percent after the sale.
The yield on the benchmark 10-year Treasury notes, which moves inversely to price, rose to 2.305 percent, while the yield on the 30-year Treasury bond was also higher at 2.963 percent.