NEW YORK (CNNMoney.com) -- Long-term Treasury markets inched up slightly Wednesday, a day after the Fed's announcement on interest rates. Fed policymakers revealed no surprises when they said they'll continue to keep the federal funds rate near 0% for an extended period.
What prices are doing: The benchmark 10-year note rose 4/32 to 99-29/32 and its yield fell to 3.64%. The 30-year bond rose 13/32 to 101 and its yield fell to 4.566%. Bond prices and yields move in opposite directions.
The 2-year note fell was flat at 99-29/32 with a yield of 0.924%. The 5-year note fell 2/32 to 100-2/32 with a yield of 2.367%.
What's moving the market: Stocks gained after investors let the Fed's news -- or rather, lack of news -- soak in. Although the Fed decided to maintain historically low interest rates, the central bank also noted that the U.S. economy is improving.
The Dow closed at its highest level in nearly 18 months and both the S&P 500 and the Nasdaq composite reached 2010 highs.
Japan also announced its decision to hold interest rates at a low 0.1%.
The Labor Department released its monthly Producer Price Index (PPI) report Thursday morning, showing U.S. wholesale prices fell 0.6% in February -- the biggest drop in seven months.
Meanwhile on the Hill, the Senate passed a $17.6 billion jobs bill and sent it to President Obama to sign it into law. The measure includes tax breaks and funding for highway projects.
What analysts are saying: Treasury markets are looking a bit lackluster as they have been all week, said Ken Naehu, managing director and head of fixed income at Bel Air Investment Advisors. Trading volume is low and looks to remain that way until any major economic news hits headlines, he said. 
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.80% | 3.88% | |
| 15 yr fixed | 3.20% | 3.23% | |
| 5/1 ARM | 3.84% | 3.88% | |
| 30 yr refi | 3.82% | 3.93% | |
| 15 yr refi | 3.20% | 3.23% |
Today's featured rates:
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 32,627.97 | -234.33 | -0.71% |
| Nasdaq | 13,215.24 | 99.07 | 0.76% |
| S&P 500 | 3,913.10 | -2.36 | -0.06% |
| Treasuries | 1.73 | 0.00 | 0.12% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Ford Motor Co | 8.29 | 0.05 | 0.61% |
| Advanced Micro Devic... | 54.59 | 0.70 | 1.30% |
| Cisco Systems Inc | 47.49 | -2.44 | -4.89% |
| General Electric Co | 13.00 | -0.16 | -1.22% |
| Kraft Heinz Co | 27.84 | -2.20 | -7.32% |
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