Bond prices are rebounding after a much-anticipated $39 billion government auction of 10-year U.S. Treasury notes met with strong demand from investors. Treasury yields, which rise when bond prices fall,

A U.S. Treasury debt auction of $39 billion in benchmark 10-year notes was well received on Wednesday, showing solid investor demand even after a bond market sell-off driven by an escalating trade war between the United States and its major trading partners led by China.

The U.S. Treasury department's auction of $39B 10-year notes drew strong demand on Wednesday, despite a broader bruising bond selloff sparked by President Trump's imposition of the steepest American tariffs in over a century.