July 31, 2013 / 6:07 PM / 4 years ago

Prices for U.S. Treasuries pare losses after Fed statement

NEW YORK, July 31 (Reuters) - Prices for U.S. Treasuries pared losses on Wednesday after the U.S. Federal Reserve concluded a two-day meeting with a statement offering no indication that it will soon slow its bond-buying stimulus program.

The benchmark 10-year note fell 9/32 in price to yield 2.641 percent after the statement.

The 30-year bond fell 8/32 in price to yield 3.690 percent.

The U.S. Federal Reserve said on Wednesday the economy continues to recover but is still in need of support.

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