Treasury prices cut gains after the Federal Reserve released a statement and summary of economic projections on Wednesday. The Fed continued to wind down its bond-buying stimulus program while trimming its outlook for economic growth. The 10-year Treasury note yield, which rises as prices fall, was down 1.5 basis points at 2.639%. The 30-year bond yield was down 2 basis points at 2.425% and the 5-year note yield was down half a basis point at 1.742%.

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