Shorter-dated treasury yields moved lower after the announcement. The yield on the 2-year Treasury note was last at 0.7257, having ramped up to about 0.77 ahead of the release.
Some voting Federal Reserve policymakers expect that a U.S. interest rate increase will be needed soon, although there is general agreement that more data is needed before such a move, according to the minutes from the Fed's July policy meeting
The yield on the benchmark 10-year Treasury note was down on Wednesday, near 1.5466 percent, while the yield on the 30-year Treasury bond was down at 2.2619 percent. Bond yields move inversely to prices.
Traders will be scrutinizing the report for any indications of a potential interest rate hike by the Federal Reserve in 2016, and further details into what the central bank currently thinks about the U.S. economy.