By Ben Eisen
NEW YORK (MarketWatch) -- Treasurys weakened overnight Wednesday alongside German bunds as equities rallied in anticipation of a potential interest-rate cut from the European Central Bank. The U.S. 10-year note 10_YEAR +0.29% weakened as yields climbed less than half a basis point to 1.713%. The German 10-year bund BX:TMBMKDE-10Y -0.84% weakened nearly 1 basis point to 1.263%. Government bond yields for Spain, Italy and France also rose slightly. The U.S. Treasury Department Wednesday will auction $35 billion of 5-year notes. The 5-year note 5_YEAR +0.43% yield has been trading down slightly in the broader market at 0.703% while the 30-year note 30_YEAR +0.28% yield is trading down half a basis point at 2.909%.
