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US Treasurys lower after Fed leaves rates unchanged, traders expect hike in June

Anmar Frangoul
Getty Images. U.S. government debt yields rose Wednesday as investors looked to the outcome of a U.S. Federal Reserve meeting.

U.S. government debt prices were lower on Thursday after the Federal Reserve left its interest rate unchanged.

Traders are betting the central bank will hike rates at their next meeting in June.

The yield on the benchmark 10-year Treasury note (U.S.:US10Y) was higher at 2.352 percent, while the yield on the 30-year Treasury bond was also higher at 2.997 percent. Yields move inversely to prices.

On the data front, jobless claims fell by 19,000 to 238,000, while productivity for the first quarter fell more than expected. The U.S. trade deficit, meanwhile, narrowed to $43.7 billion. Factory orders rose 0.2 percent in March, below expectations.

In oil markets, Brent crude traded at around $48.39 a barrel on Thursday, down 4.73 percent, while U.S. crude was around $45.49 a barrel, down 4.87 percent.

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