Treasuries moved notably higher in reaction to the latest U.S. economic data. Subsequently, the yield on the benchmark ten-year note which moves opposite of its price, slid 4.1 bps to 4.13%.
The benchmark 10-year Treasury yield moved lower on Wednesday as investors digested weaker-than-expected ADP jobs data and continued to monitor geopolitical uncertainty.
The yield on the 10-year Treasury was down more than 3 bps to 4.14%. The 2-year Treasury note was lower by less than a basis point at 3.46%. Meanwhile, the 30-year bond yield declined more than 4 bps to 4.82%.