NEW YORK (MarketWatch) -- Treasury prices rose on Wednesday, pushing 10-year yields back under 3%, as global investors reacted to Federal Reserve Chairman Ben Bernanke's downbeat outlook for the economy, made in a speech late in the prior session. Bernanke "provided confirmation of the significance of the recent deceleration from the Fed's perspective," said strategists at CRT Capital Group. He "did provide some support to the Treasury market if for no other reason than the equity market sold off in the wake of the balanced comments." Yields on 10-year notes 10_YEAR -1.00% , which move inversely to prices, fell 3 basis points to 2.97%. Coming up during the session is the government's auction of $21 billion in 10-year notes.
