US Trea­sury prices are div­ing af­ter an auc­tion of ten-year notes drew very weak de­mand, sig­nal­ing a lack of ap­petite for ul­tra-safe in­vest­ments. The Trea­sury De­part­ment yes­ter­day auc­tioned $21 bil­lion of ten-year notes to yield 1.764 per cent. CRT Cap­i­tal Mar­kets LLC says sim­i­lar notes at the time fetched a yield of 1.755 per cent. The high­er bond yield re­flects weak­er de­mand. CRT says there were many less bids for the notes than at re­cent auc­tions of 10-year notes.

The price of the note dived af­ter the auc­tion. It de­clined 56 cents for every $100 in­vest­ed, push­ing the note's yield up to 1.76 per cent as of 3.20 pm EDT (1920 GMT) from 1.70 per cent late Tues­day. The price of the 30-year Trea­sury bond fell $1.16 per $100 in­vest­ed.