Ten-year Treasury yield drops ahead of $40 billion auction

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Ten-year Treasury yield drops ahead of $40 billion auction
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Vivien Lou Chen is a Markets Reporter for MarketWatch. You can follow her on Twitter @vivienlouchen.

Treasury yields turned mostly lower Wednesday morning ahead of a 10-year auction and a slew of Federal Reserve speakers.

Tuesday’s sale of $48 billion of 3-year notes went as-expected, offering hope that this week’s remaining auctions can also go well. The drop in 10- and 30-year yields seen ahead of Wednesday afternoon’s 10-year auction reflects renewed interest from buyers.

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