By Deborah Levine
NEW YORK (MarketWatch) -- Treasury prices erased losses early in the U.S. trading session Wednesday, without economic data or Federal Reserve speakers, leaving traders at the whims of reports out of Europe. The most recent involve possibly running two bailout funds, though other reports say key officials oppose the idea. Yields on 10-year notes 10_YEAR -1.19% , which move inversely to prices, fell 2 basis points to 2.07%. "The absence of any known data or Fed events on Wednesday leaves us to grapple with the few pieces of new 'information' from Europe," said bond strategists at CRT Capital Group. "The overnight session will surely yield some tradable headlines on the prospects of a grand resolution out of Europe on Friday, or at a minimum, speculation by the financial media and pundits as to the likelihood of a sustainable deal."
