NEW YORK (CNNMoney.com) -- Treasurys turned higher Wednesday after renewed fears about Spain's debt pushed investors back to the safe-haven appeal of U.S. bonds.
What prices are doing: The benchmark 10-year note rose 7/32 to 101-27/32, with a lower 3.29% yield. Bond prices and yields move in opposite directions.
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| Click the chart for current prices and yields. |
The 30-year bond climbed 6/32 to 102-26/32, yielding 4.21%. The 5-year note rose 2/32 to 100-9/32 and yielded 2.067%, while the 2-year inched up 1/32 to 100, yielding 0.75%.
What's moving the market: A report by Spanish newspaper El Economista that said the International Monetary Fund, the European Union and the U.S. Treasury are preparing a $308 billion bailout for debt-strapped Spain, renewed worries about Europe's fiscal crisis.
Those fears drove up the demand for Treasurys, which are considered a low-risk investment in times of economic uncertainty because they're backed by the U.S. government.
A report that showed both new home construction and building permits fell sharply in May also gave a boost to U.S. debt.
What analysts are saying: Treasurys have been stuck in volatile "risk on, risk off again" trading this month as investors are moved by positive or negative headlines each day, said Kim Rupert, a fixed income analyst with Action Economics.
Wednesday just happens to be a risk-off trade day, she said. 
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.80% | 3.88% | |
| 15 yr fixed | 3.20% | 3.23% | |
| 5/1 ARM | 3.84% | 3.88% | |
| 30 yr refi | 3.82% | 3.93% | |
| 15 yr refi | 3.20% | 3.23% |
Today's featured rates:
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 32,627.97 | -234.33 | -0.71% |
| Nasdaq | 13,215.24 | 99.07 | 0.76% |
| S&P 500 | 3,913.10 | -2.36 | -0.06% |
| Treasuries | 1.73 | 0.00 | 0.12% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Ford Motor Co | 8.29 | 0.05 | 0.61% |
| Advanced Micro Devic... | 54.59 | 0.70 | 1.30% |
| Cisco Systems Inc | 47.49 | -2.44 | -4.89% |
| General Electric Co | 13.00 | -0.16 | -1.22% |
| Kraft Heinz Co | 27.84 | -2.20 | -7.32% |
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