Treasuries Finish Higher

Treasury prices slipped as stocks regained their composure. The unwinding of hedge locks on a flood of corporate and agency deals announced on Tuesday spurred profit-taking

The weight of supply snapped the Treasury market's five-day winning streak Wednesday. Hedging the explosion of corporate and agency issuance erased opening gains and provided a good excuse to take profits through the session. However, a number of other factors contributed to the declines, including technically overbought conditions, a rebound in stocks, and unwinding of some of the safety trade.

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