U.S. government debt yields fell slightly on Wednesday after the Federal Open Market Committee decided to hold rates constant in November.
The yield on the benchmark 10-year Treasury note sat higher at around 2.369 percent at 2:24 p.m. ET, while the yield on the 30-year Treasury bond was up at 2.853 percent. Bond yields move inversely to prices.
As widely expected, the Federal Reserve declined to raise interest rates at its policy meeting this week and said the late-summer hurricanes likely will not have much longer-term impact on overall economic activity.
The Federal Open Market Committee, the central bank's policymaking arm, held its benchmark interest rate target between 1 percent and 1.25 percent. Markets predict the Fed will approve a quarter-point hike at its December meeting.
"They'll probably raise rates in December as they've signaled for some time. But today, they just didn't want to make any news," said Ed Keon of QMA of Fed members. "The market doesn't need drama from every fed meeting."