Treasury prices rose Wednesday following news that the Federal Reserve weighed more help for the economy.

The price of the 10-year Treasury climbed 93.7 cents for every $100 invested late Wednesday. The yield sank to 1.70 percent from 1.81 percent late Tuesday.

Minutes from the Federal Reserve's last meeting showed that many members believed more support was needed to help the economic recovery, unless it began building significant strength.

Treasury prices rose after the minutes were released. Traders largely interpreted them as a sign that the Fed will start buying more bonds soon.

The 30-year Treasury bond rose $1.84 for every $100. Its yield fell to 2.81 percent from 2.91 percent late Tuesday.

The yield on the two-year note slipped to 0.27 percent from 0.29 percent.

The three-month T-bill paid 0.10 percent.