A trader work on the floor of the New York Stock Exchange during morning trading on January 06, 2026 in New York City.
Michael M. Santiago | Getty Images News | Getty Images
U.S. Treasury yields were broadly flat on Wednesday morning, as markets await more economic data releases following the December inflation print.
The yield on the benchmark 10-year Treasury was last more than 1 basis point lower at 4.156%, while those on 2-year and 30-year Treasurys were 1 basis point and more than 1 basis point lower, trading at 3.518% and 4.817%, respectively.
One basis point is equal to 0.01%, and yields and prices move in opposite directions.
Wednesday will bring the publication of the November Producer Price Index by the Bureau of Labor Statistics. Data on U.S. retail sales and figures for December existing home sales are also due for release.
On Tuesday, data showed the consumer price index — a key inflation metric that could influence the Federal Reserve’s monetary policy decision making — rose 2.7% in the 12 months to December. The reading was flat compared to the previous month and in line with expectations.
An ongoing criminal investigation into Fed Chair Jerome Powell also remains in focus. Powell revealed over the weekend that he was under investigation in relation to the $2.5 billion renovation of the central bank’s headquarters and his congressional testimony on the refurbishment.
The case has raised concerns about the Fed remaining independent from political influence over its monetary policy, of which President Donald Trump has been a vocal critic.
“This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions — or whether instead monetary policy will be directed by political pressure or intimidation,” Powell said in a statement on Sunday evening.
On Tuesday, global central bankers — including the heads of the European Central Bank and the Bank of England — publicly united to defend Powell, saying that the independence of central banks “is a cornerstone of price, financial and economic stability in the interest of the citizens that we serve.”
— CNBC’s Dan Mangan contributed to this article.