US 10-year Treasurys rise in wake of Fed rate decision

Traders in the 10-year bond options pit at the Chicago Board of Trade signal orders.
Frank Polich | Reuters
Traders in the 10-year bond options pit at the Chicago Board of Trade signal orders.

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U.S. government debt prices rose on Wednesday as investors reacted to the Federal Open Market Committee's (FOMC) decision to leave short-term interest rates unchanged.

Benchmark 10-year Treasury note prices climbed, with yields trading at 1.915 percent, down from 1.99 percent immediately prior to the report and compared with a close of 1.959 percent on Tuesday. Yields on bonds move inversely to prices.

Thirty-year Treasury bond yields traded at 2.715 percent after closing at 2.721 percent in the previous session. Two-year note yields fell to 0.847 percent after hitting a high of 1.001 percent.

Symbol
Price
 
Change
%Change
US 3-MO
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US 1-YR
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US 2-YR
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US 5-YR
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US 10-YR
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US 30-YR
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Data releases earlier in the day included housing starts, which rose 5.2 percent last month, and Consumer Price Index data, which showed a 0.2 percent fall, in line with expectations. Industrial production data for February showed an output fall of 0.5 percent.