Treasury prices fell Wednesday, pushing yields up slightly, after Federal Reserve Chairman Ben Bernanke said he continues to forecast a moderate economic recovery.
Short-term notes held onto earlier gains notched after a report showed consumer prices rose 0.1%, easing concerns that inflation will force the Federal Reserve to raise interest rates soon.
Yields on 10-year notes /quotes/comstock/31*!ust10y (UST10Y 3.86, +0.04, +1.07%) , which move inversely to prices, rose 3 basis points to 3.86%. A basis point is 0.01%.
Yields on 2-year notes /quotes/comstock/31*!ust2yr (UST2YR 1.05, +0.00, +0.38%) , more sensitive to rate expectations, were little changed at 1.05%, after spending most of the session lower. (more)
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