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NEW YORK (AP) - Treasury bond prices weakened Wednesday in technically driven trade as the market gave back some of the strong gains made the prior session in the face of new supply.
"In this environment, nobody wants to step up and pay a higher price if they don't have to," said Mary Ann Hurley, vice president of fixed income trading at D.A. Davidson in Seattle.
At 5 p.m. EST, the 10-year Treasury note was down 7/32 from the previous day. Its yield, which moves in the opposite direction, rose to 4.52 percent from 4.48 percent.
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