Price losses pared in the wake of Fed statement

NEW YORK Wed Jan 30, 2013 2:31pm EST

NEW YORK (Reuters) - Treasury debt pared prices losses on Wednesday after the Federal Reserve reiterated it will continue its current program of asset purchases until the labor market improves "substantially."

Benchmark 10-year Treasury notes were trading 1/32 lower in price with the yield little changed from late Tuesday at 2.001 percent. Benchmark notes had been trading 8/32 lower in price just prior to the release of the Fed's latest policy statement.

(Reporting by Chris Reese; Editing by James Dalgleish)

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