Intermediate notes pulled the Treasury market lower yesterday as the indigestion caused by Wednesday's poorly bid five-year note auction led to widespread selling.

But after a session of whipsaw trading, short-term and intermediate note prices closed well above their lows and long-term prices were slightly higher on the day.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.