On Wednesday, the iShares 7-10 Year Treasury Bond ETF (IEF) rose 0.1%, and the iShares 20+ Year Treasury Bond ETF (NasdaqGS: TLT) increased 0.3%. Looking ahead, investors will are now waiting on the Federal Reserve's minutes from its latest meeting for more hints on how the policymakers will manage a massive balance sheet and hike interest rates to combat surging inflation. The latest retail sales numbers showed a sharp rebound in January, and production at U.S. factories increased moderately, both of which helped bolster the case for a hawkish Fed action in March.