U.S. Treasury yields edged off session highs after the Federal Reserve left rates unchanged at its meeting Wednesday.
The yield on the benchmark 10-year Treasury notes, was a touch lower around 2.483 percent, while the yield on the 30-year Treasury yield held around 3.086 percent as of 2:04 p.m., ET.
The , which is most sensitive to expectations about near-term changes in Fed policy, edged lower to near 1.22 percent immediately following the statement release. Yields move inversely to price.
The Federal Reserve was not expected to raise rates Wednesday.
Treasurys
Ahead of Friday's non-farm payrolls report, the latest report from ADP and Moody's Analytics showed private companies kicked off the new year with a hiring spree. Amid an explosive month surrounding President Donald Trump's inauguration and the flurry of activity that followed, firms added 246,000 new workers to their payrolls, the report showed.
Other data reported included the IHS Markit Manufacturing index's final read for January, which showed the strongest manufacturing production growth for almost two years. The ISM Manufacturing index for January came in at 56, above an expected read of 55. December construction spending fell 0.2 percent, while economist had forecast a gain 0.4 percent.
In oil markets, prices stabilized after Russia joined OPEC in cutting production. Brent crude traded at around $56.51 a barrel on Wednesday, up 1.67 percent, while U.S. crude was around $53.53 a barrel, up 1.36 percent.
— CNBC's Patti Domm contributed to this report.