It is Wednesday the 22nd of February, and aside from the release of the latest FOMC Meeting Minutes, we have a quiet day on the docket today.
Here are some things to look out for.
After yesterday's advances, the dollar measure and treasury rates were little changed as investors anticipated additional hints on the Fed's policy stance from the minutes of the most recent FOMC meeting. After comments made about the currency by the new head of the central bank, the Swedish krona recovered from an early session drop. European stocks and bonds fell, mirroring US market movements from yesterday, but US equity futures indicated stabilization.
Minutes of the Federal Reserve's most recent meeting are coming today, and officials could provide insight into whether policymakers anticipated the need to raise interest rates more than initially believed to combat stubbornly high inflation.
During the upcoming G-20 finance ministers meeting in India, a "lost decade" threatens as the United States and China spar over debt relief.
1:00 PM ET
US sells $43 bln 5-Year Notes
2:00 PM ET
FOMC releases the Meeting Minutes for the January 31st - February 1st Meeting.
2:10 PM ET
RBNZ's Governor Orr Speaks at the finance & expenditure select committee on MPS.