Treasury yields ended mostly higher on Wednesday, paring some of the steep declines seen in the prior session, as traders considered the Federal Reserve’s most likely next steps at its May 2-3 policy meeting. Meanwhile, Treasury’s $43 billion auction of 5-year notes was strong and produced a “good result,” even though the statistics were rather “average,” according to BMO Capital Markets strategist Ben Jeffery.
What happened
What drove markets
Yields finished mostly higher on Wednesday — except for the 1-month…
