U.S. government debt prices were lower on Wednesday morning, as investors awaited another speech from Federal Reserve Chairman Jerome Powell.
At around 5:30 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was flat at around 2.6357 percent, while the yield on the 30-year Treasury bond was higher at 3.0151 percent.
Powell will address the House Committee on Financial Services at 10 a.m. ET. Speaking on Tuesday, Powell said it is"beyond consideration" for the U.S. not to repay all of its debt. The remarks come at a time when Congress battles with a higher level of spending. Investors are also paying close attention to an upcoming meeting between the leaders of North Korea and the U.S. On the data front, advanced economic indicators for December will be released at around 8:30 a.m. ET.
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