NEW YORK: US Treasury prices scaled back their losses on Tuesday as an earlier spike in yields drew decent demand for a $34 billion auction of five-year government debt, reviving bids for other maturities.
Benchmark 10-year Treasury notes were down 8/32 in price with a yield of 1.932 percent, up 3 basis points from late on Monday. Earlier Tuesday, the 10-year yield reached a five-week high of 1.941 percent, according to Reuters data.