US Treasury yields were muted on Wednesday as global bond markets stabilized following the previous session’s sell-off on the back of a surprise policy shift from the Bank of Japan. The yield on the benchmark 10-year Treasury note was just under a single basis point higher at 3.6935%, while the yield on the 30-year Treasury bond was up by around 1.1 basis points at 3.7466%. Yields move inversely to prices.related investing news Global bond markets sold off on Tuesday after the Bank of Japan tweaked its yield curve controls to allow the yield on its 10-year JGB to move 0.5% either side of its 0% target, up from 0.25 % previously, in a move aimed at cushioning the effects of protracted monetary stimulus measures. Risk-on sentiment returned in early premarket trade on Wall Street Wednesday as investors digested earnings from Nike and FedEx that sent both companies higher in after-hours trading. Third quarter current account data, November existing home sales and December consumer confidence figures are all due out of the US on Wednesday morning. Auctions will be held Wednesday for $33 billion of 17-week Treasury bills and $12 billion of 20-year bonds.