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NEW YORK - Treasuries rose for a second consecutive session on Wednesday amid worries about an economic recession after a report stated durable goods production declined in February while home sales also fell.

Two year notes were up 8/32 in price to yield 1.652 percent at 4:27 p.m. in New York. Ten year notes rose 9/32 in price to yield 3.475 percent.

New home sales were at their lowest level in 13 years, falling to an annual rate of 590,000 in February from 601,000 a month earlier, the Commerce Department reported.

Meanwhile the department also reported that orders for goods meant to last more than 3 years were down 1.7 percent last month.