TREASURIES-Bonds recoup losses after Fed interest rate cut

NEW YORK, April 30 (Reuters) - U.S. Treasury debt prices recouped losses to trade unchanged on Wednesday after the Federal Reserve cut interest rates by 25 basis points, as was widely expected, and signaled financial markets remain stressed.

The Fed cut lowers the target federal funds rate to 2.00 percent from 2.25 percent. The U.S. central bank said in a statement that recent economic activity remains weak, and that it will act as needed to promote growth.

The benchmark 10-year Treasury note US10YT=RR was trading flat in price for a yield of 3.83 percent, while the 2-year Treasury note US2YT=RR was also unchanged for a yield of 2.38 percent. (Reporting by Chris Reese; Editing by James Dalgleish)