But a few caution that the supply of issues may be more abundant than expected.
Traders said the heavy supply of new issues could put bond prices under pressure.
The heavy supply of new issues is seen as the reason behind the rise in yields.
But gains were limited because of the coming supply of new issues.
Market analysts said the day's lows were extended mostly on concern over the coming heavy supply of new issues.
Another factor is a heavy supply of new corporate issues, as companies take advantage of the environment for low interest rates.
Tax-exempt money fund yields rose as supplies of new issues increased.
But we know the supply of new issues will start to slow as the fourth quarter progresses.
A strong market with good investor demand would prompt a heavy supply of new issues, analysts said.
Nor does the heavy supply of new issues being offered.