YIELDS UP: Fears the Federal Reserve will launch a bond buying program that's less ambitious than traders expected pulled Treasury prices down and yields up. The 10-year yield reached 2.72 percent, up from 2.51 percent at the start of October.
MORE SUPPLY: The Treasury sold $35 billion in five-year notes Wednesday at a 1.33 percent yield, slightly higher than the rate received last month.
DEMAND DIPS: Bond buyers placed bids for 2.82 the amount offered, the weakest show of demand since June. This bid-to-cover ratio is still above the past year's average.