U.S. Treasury Yields Ease But Likely to Stay Rangebound

Treasury Yields Ease But ly to Stay RangeboundByEmese Bartha, Dow Jones NewswiresU

Treasury yields were declining but remained near recent levels after Wednesday's mixed session, which also saw a soft five-year Treasury note auction, said Pepperstone's Michael Brown in a note. "For now, it seems that benchmarks are to be stuck in a relatively tight trading band," the senior re strategist says

Dip buying interest—where investors buy in phases of bond weakness—continues to be seen on any downside, he said

For 10- and 30-year Treasury yields, 4. 00% remain the key levels, respectively, Brown said

That said, rallies beyond 4. 75%, respectively, seem unly, given jitters over the fragile fiscal backdrop, he said.