Treasuries Higher

Bonds finished with gains Wednesday, as fear of Fed rate hikes dissipated

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.

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