By Deborah Levine
NEW YORK (Marketwatch) -- Treasury prices edged up on Wednesday, keeping 10-year yields under 2%, with bond traders eyeing European bond auctions and yields and whether other markets are showing any move by investors in or out of riskier assets. Yields on 10-year notes, which move inversely to prices, fell 1 basis point to 1.97%. "We are now at the bottom-end of our ranges, and with no upcoming meetings or summits, the possibility of a break below 1.90% is real" for 10-year yields, said George Goncalves, a bond strategist at Nomura Securities. "We think a significant catalyst is needed as most investors are already positioned for the fear-trade; we still assign a somewhat low probability to a catalyst and maintain our faith in European Union policymakers." The only major U.S. event for the day is the government's auction of 30-year bonds 30_YEAR -0.07% .
