Yahoo Sports

TREASURIES-Yields rise before data, five-year auction sees solid demand

U.S. government bond yields gained on Wednesday as traders waited on key economic releases on Thursday and Friday for further clues on Federal Reserve policy, while the U.S. Treasury saw solid demand for an auction of five-year notes. Markets are "looking to see how robust growth really was in the first quarter given the really strong growth data we've seen and resilient, or re-accelerating, inflation prints as well," said Angelo Manolatos, macro strategist at Wells Fargo in New York. Many economists have also anticipated a slowing economy, though recent economic data has been unexpectedly strong.