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Treasurys slide before auction, Fed minutes
NEW YORK (MarketWatch) -- Treasury prices slid Wednesday, on pace to snap a four day win streak ahead of an auction of benchmark notes and minutes from the Federal Reserve's last policy meeting. The 10-year note yield, which rises as prices fall, was up 3 basis points on the day at 2.710%, according to Tradeweb. The 30-year bond yield rose 2 basis points to 3.562%, and the 5-year note yield rose 3 basis points to 1.692%. The Treasury Department sells $21 billion in 10-year notes as 1 p.m. Eastern. At 2 p.m., the Fed will release minutes from a meeting last month in which it opted to shift the way it communicates its low rate message.
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