U.S. Treasurys pared losses on Wednesday after minutes from the latest Federal Reserve meeting showed central bankers pored over data on inflation, financial market volatility and anemic global growth last month, and was left with a muddled picture of what it meant for the U.S. economy.
The Fed’s statement after its Oct. 29-29 gathering largely sloughed off a mid-October market meltdown and ebbing growth in other developed economies, with the central bank restating confidence that the U.S. economy would continue to make progress.
Benchmark 10-year U.S. Treasury notes were last down 5/32 in price to yield 2.33 percent from 2.32 percent late Tuesday. Five-year notes were down 2/32, yielding 1.62 percent. U.S. 30-year Treasury bonds were down 6/32 in price, with a yield of 3.05 percent, from 3.04 percent at the close on Tuesday.