By Deborah Levine NEW YORK (MarketWatch) -- Treasury prices rose modestly in early trading on Wednesday, nudging yields lower, with analysts citing light trading volume and an eye towards equities, where U.S. futures pointed to a lower opening on Wall Street. Yields on 10-year notes (UST10Y 2.93, -0.01, -0.17%) , which move inversely to prices, fell 1 basis point to 2.93%. With no U.S. economic data on the calendar, and a thin schedule for the week, "I see a period just ahead where bond prices grind nervously sideways while awaiting the next big thing," said Bill O'Donnell, head of Treasury strategy at RBS Securities. "Treasurys will probably follow stock prices tick-for-tick today as the economic calendar is essentially bare."

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