From Standard & Poor's Equity ResearchBonds heading lower in early going as stocks indicated to open higher. The 2-year notes flat at 99-29/32 for yield of 3.691% 10-year notes off 03/32 to 103-06/32 for yield of 4.349% and the 30-year bond off 06/32 to 105-25/32 for yield of 4.641% as await Bernanke's microfinance talk. Not expecting much. Fed chief expected to unveil more information in testimony Thursday to the Joint Economic Committee in Washington. Fed Gov. Mishkin yesterday said the Fed's rate cut last week does not "materially" alter the inflation outlook and it was not a "bail out" of Wall Street. Fed Gov. Kroszner said subprime conditions could get worse before they get better, given problems in the secondary distribution of mortgage risk to the financial system. European bonds lower as stocks rise.