MW: Treasurys down before Bernanke, 5-year auction
NEW YORK (MarketWatch) -- Treasury prices declined on Wednesday, pushing yields up, with most markets watching for comments from U.S. Federal Reserve Chairman Ben Bernanke on his outlook for economic growth and the path towards withdrawing the central bank's ultra-easy monetary policies. Yields on 10-year notes (UST10Y 3.68, -0.11, -3.00%) rose 2 basis points to 3.70%. Later in the session will come a report on new homes sales and the government's auction of 5-year notes (UST5YR 2.34, -0.10, -3.98%) , on the heels of Tuesday's successful sale of 2-year notes (UST2YR 0.82, -0.05, -5.94%)
