No major data releases this morning to drive trading, however, U. S. stock markets are reversing Tuesday’s declines in a big way with the DOW higher by 180 points. As often happens when stocks rally bond prices are headed lower pushing interest rates higher.
Later today the Fed will release its Beige Book, a report of economic activity in the various Fed districts, and the U.S. Treasury will auction $12 billion of 10 year notes.
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