Benchmark Treasury yields barely budged on Wednesday after the Federal Reserve released the minutes of its most recent policy committee meeting.
Benchmark 10-year Treasury note yields, which move inverse to prices, were down 4 basis points to 2.25, compared to a 2.24 before the announcement. Thirty-year U.S. bond yields were at 3.05 percent, versus 3.04 earlier.
The Fed's last meeting was a relatively uneventful one and preceded the release of several softer-than-expected economic figures.
The Central Bank mostly brushed aside the wobbly start the U.S. economy has had in 2015, attributing the lack of growth to "transitory" factors that will abate soon.
Meeting minutes show a Fed Open Market Committee with little concern about growth, even though they detailed a laundry list of weak spots that included industrial production, housing and investment. Gross domestic product grew just 0.2 percent in the first quarter—a number likely to be revised to a negative—while the Atlanta Fed is tracking second-quarter growth at just 0.7 percent.
"This reminds us of the much more dismal tone the Fed has taken regarding the overall economy of late," Lindsey Piegza, chief economist at Sterne Agee, told CNBC's "Power Lunch".
"I think this is going to redirect the focus back to the weakness of the fundamentals in the U.S. which has been ignored as of late and I think this weakness further justifies the Fed to remain on hold at the earliest the latter part of 2015."