NEW YORK (Reuters) – U.S. Treasury yields rose on Wednesday, a day that noticed a flood of provide and on optimism for progress in U.S.-China commerce negotiations that start in Washington on Thursday.

On Wednesday, the market absorbed a $24 billion reopening of 10-year notes and on Thursday a $16 billion reopening of 30-year bonds was scheduled.

The benchmark 10-year yield rose 4.5 foundation factors on Wednesday to 1.584%, after the public sale was met with barely tender demand. The measure of general public sale demand was 2.43, near current averages. Fund managers, international central banks and different oblique bidders purchased 58.5% of the providing, the…

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