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U.S. Markets Overview: Treasurys chart
Traders are focused on the Federal Reserve, with Chairman Jerome Powell due to address the press at 2 p.m. ET.
The central bank is widely expected to keep interest rates unchanged, but investors will be looking to see if it changes its tone on the economy. Ahead of the meeting, President Donald Trump called for a 1% rate cut and more quantitative easing.
Furthermore, on the data front, there will be ADP payrolls at 8:15 a.m. ET; manufacturing PMIs due at 9.45 a.m. and construction spending figures released at 10 a.m. ET.
There are no major Treasury bond auctions scheduled for Wednesday.