Treasury notes fell on Thursday amid signs that the Federal Reserve will soon hold off on further interest rate cuts.
Two year treasury notes fell 10/32 in price to yield 2.403 percent. Ten-year notes fell 25/32 in price to yield 3.835 percent.
Futures traders are betting that the central bank will lower its benchmark rate by 25 basis points to 2 percent when it meets on April 30.
Futures contracts on the Chicago Board of trade show there is an 82 percent chance of a quarter point interest rate cut. Bets for a half point cut are zero.