Treasury yields remain higher following ugly 20-year bond auction, release of Fed minutes

Treasurys sold off on Wednesday following a weak $16 billion sale of 20-year bonds and the release of minutes from the Federal Reserve’s most recent policy meeting. What’s happening The yield on the 2-year Treasury BX:TMUBMUSD02Yrose 3.5 basis points to 4.645%, from 4.610% on Tuesday. Yields move in the opposite direction to prices. The yield on the 10-year Treasury BX:TMUBMUSD10Yadvanced 4 basis points to 4.316%, from 4.276% on Tuesday. The yield on the 30-year Treasury BX:TMUBMUSD3