From Dow Jones & Company:

Yields on U.S. government debt remained steady after a $42 billion auction of 10-year notes. Calmer conditions prevailed in bond markets after signs that the Fed may not cut interest rates until May. U.S. economic data released showed that the trade deficit widened 0.5% to $62.2 billion in December. Concerns about fragility in the commercial real-estate sector also contributed to yield suppression. The auction of 10-year notes saw solid demand, with indirect bidders taking 71% of the sale, which is slightly above average. The sale ranks as the largest on record for the 10-year note.



Read more: Treasury yields hold steady after 10-year auction goes well