U.S. government debt prices were slightly off on Wednesday, as investors prepare themselves for more data releases ahead of an important election in the U.K. and a meeting by the European Central Bank (ECB).
The yield on the benchmark 10-year Treasury note sat higher at around 2.1755 percent at 2:21 p.m. ET, while the yield on the 30-year Treasury bond was slightly up at 2.8366 percent. Bond yields move inversely to prices.
Treasurys
Investors appear to be taking a breather Wednesday, ahead of a slew of events set to take place later this week.
On Thursday, British citizens will head to the polling stations to vote in the nation's general election, with investors currently eyeing the latest polls and moves in sterling for any indications on what the result might be.
Ahead of this, political parties are in their final stretch of campaigning on Wednesday, with each group hoping to secure a significant number of parliamentary seats in the election.
In the U.S., the former FBI director James Comey is expected to testify on Thursday in front of the Senate Intelligence Committee, marking his first public comment since being dismissed by the U.S. president.
The Senate Intelligence Committee released Comey's full written testimony Wednesday afternoon, at which time the major U.S. stock indexes traded back near session highs.
Thursday will also mark the European Central Bank's latest monetary policy meeting, where investors will be examining President Mario Draghi's rhetoric, when it comes to the future of ECB policy.
In the commodities sphere, crude futures were under pressure as investors remained on edge over concerns of a glut in the market.
U.S. crude extended losses on Wednesday after the Energy Information Administration reported a surprise build in crude inventories. West Texas Intermediate futures for July delivery shed more than 4 percent to $45.97 a barrel.
Date wise, consumer credit is slated to come out at 3 p.m. ET. Also, mortgage applications rose 7.1 percent last week as rates hit their lowest levels since the election. No auctions are set to take place by the U.S. Treasury on Wednesday.
—CNBC's Fred Imbert contributed to this report.