Markets & Finance
Treasuries were higher on Wednesday, as fear of aggressive rate hikes after the release of December FOMC meeting minutes yesterday dissipated, according to S&P Marketscope. Bond prices were also helped earlier in the day by lower oil futures and a rally in the German bund. Stronger than expected non-manufacturing ISM had little impact on prices, according to Informa. Fixed income securities were helped by weakness in the U.S. stock market. Traders are bracing for Friday's Nonfarm Payroll report.