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• 10-year Treasury note fell to 1.646 percent
• 30-year Treasury bond yield fell to 2.051 percent
The Treasury yield in the United States dipped early Wednesday ahead of the minutes from the Federal Reserve's last policy meeting.
At 6:35 a.m. ET, the yield on the benchmark 10-year Treasury note fell to 1.646 percent. The 30-year Treasury bond yield fell to 2.051 percent. Yields move in the opposite direction of prices, and one basis point equals 0.01 percent.
Markets have started 2022 on a positive note, buoyed by reduced fears about the Omicron Covid-19 variant. Investors are wagering that because the variant is less likely to cause serious sickness, it will not disrupt the economy's and corporations' robust development, WSJ stated.
The minutes of the Fed's December meeting will be issued at 2 p.m. ET. Fed policymakers announced during the meeting that they would accelerate the withdrawal of stimulus measures and forecasted three interest rate hikes in 2022.
On Tuesday, at 8:15 a.m. ET, payroll services giant ADP will issue its December employment change report.
Stock Futures
Dow Jones Industrial Average futures dropped 0.0.5 percent on Wednesday. The S&P 500 futures plummeted 0.12 percent, while the Nasdaq futures declined 0.44 percent.
Beyond Meat, shares climbed more than 9.5% in premarket trade after the business said that its plant-based chicken would be available at KFC outlets beginning next week.
Oil Prices
Brent crude futures, the global oil benchmark decreased 0.09 percent to $79.193 a barrel. WTI Crude oil prices dipped 0.12 percent to $76.90 per barrel.