U.S. government bond yields bounced off their intraday lows on Thursday as investors looked to make room for issuance of new 30-year Treasury bonds and investment-grade corporate debt issuance from Verizon. /zigman2/quotes/204980236/composite VZ +0.37% The 10-year Treasury note yield rose 2 basis points to 1.540%, off their low of around 1.475%, while the 30-year bond yield climbed 4.7 basis points to 2.289%. Bond prices move inversely to yields. Broker-dealers typically bid yields higher to attract bond buyers ahead of a Treasury auction. And banks tasked with drumming up demand and selling corporate bonds will sometimes sell long-term Treasury futures to offset the risk that interest rates will rise and weigh on the prices of the debt during the issuance process.