Traders are monitoring company earnings, which have been better-than-expected. Consequently, the S&P 500 and the Nasdaq Composite closed Tuesday on report highs. That is main bond merchants to weigh up whether or not the Federal Reserve may maybe return to a extra hawkish stance.
There are not any main financial releases this Wednesday. Nevertheless, the Federal Reserve board is assembly to debate its semi-annual monetary stability report at 10 a.m. ET.
By way of auctions, the U.S. Treasury is about to promote $41 billion in 5-year notes and $20 billion in two-year floating fee notes.
Oil costs dropped on Wednesday amid indicators that offer remains to be satisfactory regardless of the U.S. saying a push for tighter sanctions on Iran and a plan to halt waivers that had allowed restricted Iranian oil imports.