Treasury yields dip as calm returns to bond markets after sell-off

U.S. Treasury yields dipped Wednesday as global bond markets stabilized following the previous session's sell-off on the back of a surprise policy shift from the Bank of Japan.

The yield on the benchmark 10-year Treasury note was last down 4 basis points at 3.643%, while the yield on the 2-year Treasury bond fell more than 5 basis points to 4.211%. Yields move inversely to prices.

related investing news

Pro Picks: Watch all of Tuesday's big stock calls on CNBC

Joshua Natoli

15 hours ago

Global bond markets sold off on Tuesday after the Bank of Japan tweaked its yield curve controls to allow the yield on its 10-year JGB to move 0.5% either side of its 0% target, up from 0.25% previously, in a move aimed at cushioning the effects of protracted monetary stimulus measures.

Risk-on sentiment returned in early premarket trade on Wall Street Wednesday as investors digested earnings from Nike and FedEx that sent both companies higher in after-hours trading.

November existing home sales and December consumer confidence figures are all due out of the U.S. on Wednesday morning.