Treasuries advance slightly as Yellen might replace Bernanke

U.S. Treasuries recorded a modest gain on Wednesday with the five-year notes snapping a drop from yesterday as the country's President Barack Obama said Janet Yelled is set to replace Ben Bernanke as Chairwoman of the Fed, suggesting that borrowing costs are likely to stay low. 5-year securities slipped 0.01% to 1.41% at 1:54 p.m. Tokyo time.