Investors are likely to scrutinize the Fed minutes today for clues on when U.S. interest rates will start to fall, but some could be frustrated.

“There has been so much Fed speak since the January FOMC meetings it’s not clear we learn anything new today,” AmeriVet’s Gregory Faranello says in a note. He points to PCE inflation, due February 29, as the “next big data point for markets.” Faranello says that “all things considered, financial conditions remain susceptible to a move tighter.”

The 10-year Treasury yield is trading at 4.273% and the two-year at 4.593%, both little changed from yesterday’s settle.

By: Paulo Trevisani