The idea that US interest rates will stay higher for longer is probably wrong 
Inflation is slowly falling, while student debt is climbing: 6 graphs that explain today’s CPI 
The U.S. Treasuries suffered Wednesday as investors look forward to a host of speeches from the FOMC members Evans, Kaplan and Mester’s speech, scheduled to be held today by 20:00GMT, 20:15GMT and 21:30GMT respectively. Also, the 10-year TIPS auction, due on January 18 by 18:00GMT will add further direction in the debt market.
The yield on the benchmark 10-year Treasuries rose nearly 1-1/2 basis points to 2.55 percent, the super-long 30-year bond yields hovered around 2.83 percent and the yield on the short-term 2-year traded 2 basis points higher at 2.03 percent by 11:00GMT.
Today also brings perhaps the most notable US economic data release of the week – December industrial production. With the latest business surveys from this sector having reported solid gains and factory employment also consistent with elevated activity, we are likely to see a fourth consecutive monthly increase in output, most likely by a few tenths of a percent.
In addition, the latest NAHB housing index and Beige book are also due, while regional Fed Presidents Evans, Kaplan and Mester will be speaking publicly on issues related to monetary policy.
Meanwhile, the S&P 500 Futures traded 0.27 percent higher at 2,790.25 by 11:05GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained highly bearish at -135.93 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
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