By Ben Eisen
NEW YORK (MarketWatch) -- Treasurys traded higher Wednesday ahead of an auction of $35 billion in 5-year notes 5_YEAR +0.20% , helping claw back some of Tuesday's losses. As prices rose, the 5-year note yield fell 1 basis point to 1.009%, while the benchmark 10-year note 10_YEAR -0.37% yield fell 2.5 basis points to 2.144%. The 30-year bond 30_YEAR -1.14% yield fell 3.5 basis points to 3.291%. Treasurys sold off Tuesday, sending the 10-year yield to its highest level since April 2012 as concerns about Federal Reserve tapering of its asset-purchase program continued to ripple through financial markets.
