Treasury yields pared gains on Wednesday after Federal Reserve officials highlighted the risks from the deadly coronavirus in the minutes of their last policy meeting. The yield the benchmark 10-year Treasury note, turned lower at about 1.5619%, while the yield on the 30-year Treasury bond was also flat at around 2.0031%. The yield was higher earlier in the session after the Bureau of Labor Statistics said producer price inflation in January came in above projections. Headline inflation rose 0.5% month over month, marking the highest since Oct. 2018. (CNBC) According to the latest Reuters poll of economists, Bank Indonesia (BI), the Indonesian central bank is expected to cut the benchmark interest rate at its policy review meeting this Thursday, resuming its easing cycle to cushion the negative economic impact of the coronavirus outbreak. Sixteen of 28 economists in the Reuters survey expected BI to cut the benchmark 7-day reverse repurchase rate by 25 basis points (bps) to 4.75% at a two-day policy meeting that ends on Thursday. The other 12 predict BI will hold the rate at 5.00%. (Reuters) Source: Danareksa Sekuritas Debt Research Photo by dapiki project on Unsplash