By Deborah Levine, MarketWatch NEW YORK (MarketWatch) -- Treasury prices rose Wednesday, pushing yields back toward multimonth lows after they edged higher Tuesday on a return of investor confidence in economic growth. Still, many bond investors question the recovery and say bond yields can stay low or move down. No major U.S. economic reports are scheduled for the session. Yields on 10-year notes (UST10Y 2.60, -0.05, -1.74%) , which move inversely to prices, fell 4 basis points to 2.60%. A basis point is 0.01%. On Monday, benchmark 10-year yields touched 2.56% intraday, the lowest since March 20, 2009, which was about two weeks after the S&P 500 Index (SPX 1,088, -4.18, -0.38%) hit its lowest level since 1996. Yields on 2-year notes (UST2YR 0.50, +0.00, +0.80%) were little changed at 0.50%. They touched an all-time low of 0.48% Monday. Yields on 30-year bonds (UST30Y 3.70, -0.07, -1.91%) declined 4 basis points to 3.73%, after falling to 3.71% earlier this week, the lowest since March 2009. "The market has a minor bid, led by 10-year notes, after a fairly actively night with no new information but some okay Japanese and central-bank buying," said strategists at CRT Capital Group. Traders also noted that the government will announce Thursday how much debt it will sell next week. Upcoming debt sales tend to limit price gains because dealers want to keep prices low for when they buy at the auction.

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