Treasuries fall before auction of $24 billion

U.S. Treasuries decreased on Wednesday falling for the second straight day before an auction planning to sell $24 billion of U.S. notes and as the new Federal Reserve Chairwoman Janet Yellen pledges to keep trimming stimulus measures. The benchmark 10-year securities yielded two basis points higher at 2.74% as of 7:16 a.m. New York time.