Talk is that sometime by the end of 2009 rates will be back up near .50%, they aren't going to even do anything today but give everyone a heads up on where the economy is and where its heading, if they say anything positive I would just sit back and take it as one big LAUGH.
Probably has something to do with the fact you aren't a professional trader. If it was YOUR true profession, you would have known at least by Monday that we had an FOMC announcement on Wednesday.
I urgently suggest, that you consult one of the various economic calendars out there, e.g. http://www.bloomberg.com/markets/ecalendar/index.html
Rates are creeping back up, which is countering what the FED wnats at the moment, expect announcements of further fed buying of treasuries to lower mid-long rates down again.
Dear newbie! I suggest you take a full margined position around 14:10 without a stop loss. Then wait for what happens. You will be either very happy or will learn a valuable lesson such as not to talk about something what you don't know shit....