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US Treasurys rise after Fed stands pat; 10-year yield hits 2012 low

U.S. sovereign bond prices were trading higher Thursday after the Federal Reserve stood pat on interest rates but indicated it could still hike rates later this year.

The yield on the 10-year Treasury note, which moves inversely to its price, moved lower to 1.561 percent, after hitting its lowest level since 2012.The 30-year Treasury yield was down at 2.3823 percent. Two-year notes yielded 0.6814 percent.

U.S. Markets Overview: Treasurys chart

Federal Reserve officials held interest rates steady at 0.5 percent Wednesday, amid worries about job growth after non-farm payrolls figures for May came in lower than expected.

On the data front, the May consumer price index rose 0.2 percent, versus an expected gain of 0.3 percent.

Also, weekly jobless claims rose 13,000 to 277,000, while economists were expecting claims to total 270,000.

The National Association of Home Builders (NAHB) survey for June rose two points to 60, above an expected reading of 59.

No major Treasury auctions are expected.