NEW YORK (MarketWatch) -- Treasury prices remained lower Wednesday, pushing yields up slightly, after the Commerce Department said that sales of new homes stayed near record-low levels in May. Ten-year note yields (UST10Y 3.64, +0.01, +0.39%) rose 2 basis points to 3.64%. Sales dropped 0.6% to a seasonally adjusted annual rate of 342,000 in May from a revised 344,000 in April. Economists surveyed by MarketWatch expected the pace of sales to accelerate to a 363,000 rate in May. The key news for the day will include pronouncements from the Federal Reserve following its semi-annual policy meeting and the government's sale of 5-year notes (UST5YR 2.68, +0.01, +0.37%) , the second of three debt auctions scheduled for this week.
