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US auctions $34 billion 5-year notes at yield of 1.911%

  • Yellen warned during a speech on Tuesday that it could be risky moving "too gradually" with interest rates in the U.S.
  • Bond investors will also be looking for details from President Donald Trump, who is due to speak on his plans for tax cuts Wednesday.
  • The yield on the benchmark 10-year Treasury notes, which moves inversely to price, was higher at around 2.309 percent, while the yield on the 30-year Treasury bond was also higher at 2.863 percent

U.S. government debt prices were lower on Wednesday morning as investors digested comments from Federal Reserve Chair Janet Yellen.

The yield on the benchmark 10-year Treasury notes, which moves inversely to price, was higher at around 2.309 percent, while the yield on the 30-year Treasury bond was also higher at 2.863 percent, the highest marks for both in a month.

Yellen warned during a speech on Tuesday that it could be risky moving "too gradually" with interest rates in the U.S.

Symbol
Yield
 
Change
%Change
US 3-MO
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US 1-YR
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US 2-YR
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US 5-YR
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US 10-YR
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US 30-YR
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In an auction midday Wednesday, $34 billion of 5-year notes sold at a yield of 1.911 percent.

Bond investors will also be looking for details from President Donald Trump, who is due to speak on his plans for tax cuts Wednesday. The much-anticipated tax reform package is expected to be presented during a speech in Indianapolis, at 3 p.m. ET.

In oil markets, Brent crude traded at around $58.23 a barrel on Wednesday morning, down 0.36 percent, while U.S. crude was flat at $51.89 a barrel