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Treasury Yields Fall on Wednesday

Source: NYSE

U.S. Treasury yields fell on Wednesday following record jobs opening data from the Labor Department.

The yield on the benchmark 10-year Treasury note fell 3 basis points to 1.338% at around 4:00 p.m. ET. The yield on the 30-year Treasury bond gave up 3 basis points, falling to 1.95%. Yields move inversely to prices and 1 basis point is equal to 0.01%.

Treasury yields dipped after concerns about the outlook for economic growth hit stock markets on Tuesday, with the Dow Jones Industrial Average falling more than 200 points.

On Wednesday, the Labor Department released the Job Openings and Labor Turnover Survey, which showed job openings rose to a record 10.9 million in July. Job openings outnumbered the unemployed by more than 2 million in July as companies struggled to fill a record number of vacancies.

This comes after Friday's disappointing jobs report, with nonfarm payrolls increasing by 235,000 in August versus a forecast of 720,000 new jobs. The Federal Reserve is monitoring jobs data as one factor to decide when it will tighten monetary policy.

In addition, the September IBD/TIPP Economic Optimism index is due out at 10 a.m. ET on Wednesday.

Auctions are scheduled to be held on Wednesday for $30 billion of 119-day bills and $38 billion of 10-year notes.

CNBC's Yun Li contributed to this report.

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