Treasuries saw modest weakness after ending the previous session roughly flat. Subsequently, the yield on the benchmark ten-year note which moves opposite of its price, inched up by 1.5 bps to 4.04%.
U.S. Treasury yields edged higher on Wednesday as investors assessed President Donald Trump’s State of the Union address, which largely focused on the economy.
The benchmark 10-year Treasury yield rose less than 2 bps to 4.05%. The 30-year Treasury bond yield advanced less than a basis point to 4.69%. The 2-year Treasury note yield also added less than 2 bps, climbing to 3.47%.