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US Treasurys rise as investors digest Fed's decision; data eyed

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U.S. government debt prices were higher on Thursday as investors eyed the release of several pieces of data, the auction of $11 billion in 10-year TIPS, and continued to digest the decision of the U.S. Federal Reserve to keep interest rates unchanged.

The yield on the benchmark 10-year Treasury note, which moves inversely to its price, sat lower at 1.6262 percent, while the yield on the 30-year Treasury bond was also lower at 2.346 percent.

U.S. Markets Overview: Treasurys chart

"The Committee judges that the case for an increase in the federal funds rate has strengthened but decided, for the time being, to wait for further evidence of continued progress toward its objectives," the Federal Open Market Committee said in a statement on Wednesday.

U.S. Treasury yields traded lower after the Fed's decision was released.

Existing home sales for August fell 0.9 percent, while economists expected an increase of 1.3 percent. Leading indicators for August, meanwhile, fell 0.2 percent. Earlier, the Labor Department said weekly jobless claims fell to a two-month low.

U.S. crude settled at $46.32 a barrel on Thursday, up 98 cents or 2.16 percent.