Rates moved higher Wednesday as a rally in stocks hurt bonds and mortgage-backed securities. In economic news, the National Association of Realtors reported December Existing Home Sales fell 3.6% to 5.57 million annual units, below the consensus forecast of 5.70 million. Severe inventory shortages, particularly among lower- to medium-priced homes, was cited as the main reason for the decline in sales. Results from today’s 5-year Treasury auction will be released at 1:00 PM.