NEW YORK (CNNMoney.com) - Treasury prices rose Wednesday after a report on inflation came in roughly in line with estimates.

The benchmark 10-year note added 11/32 to 99-25/32, yielding 4.52 percent, down from 4.57 percent late Tuesday. The 30-year bond rose 28/32 to 100-10/32, yielding 4.48 percent, down from 4.53 percent in the previous session. Bond prices and yields move in opposite directions.

The five-year note gained 4/32 to 4.56 percent and the two-year note edged up two ticks to 4.67 percent after the Treasury issued $22 billion in two-year notes, but the auction drew solid overall demand but weak interest from indirect bidders.

The federal government said the Consumer Price Index (CPI), one of the major inflation gauges, rose 0.7 percent in January. Analysts were looking for a rise of 0.5 percent.

But the core CPI, which excludes volatile food and energy prices, increased 0.2 percent, which was what analysts had expected.

"The core figure was pretty much in line with expectations, which basically suggests inflation pressures from energy so far have not translated into broader inflation," Frank Hsu, director of global fixed-income at Fimat, told Reuters. "So the market is having sort of a relief rally."

In currency trading, the dollar was mixed.

The euro bought $1.1911, down slightly from $1.1912 Tuesday. The dollar bought ¥118.44, down from ¥118.74 in the previous session.

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