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Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
The U.S. 10-year Treasury yields hit highest in five months after reading stronger than expected goods trade balance and Markit US services PMI data, which increased bets for the Federal Reserve interest rate hike.
Also, investors will remain focussed on the upcoming third-quarter gross domestic product (GDP) data scheduled to be released October 28, which could be the catalyst for a rate hike from the central bank.
The yield on the benchmark 10-year Treasury note rose 4 basis points to 1.831 percent, the yield on long-term 30-year Treasury jumped 4-1/2 basis points to 2.583 percent and the yield on short-term 2-year note climbed 1-1/2 basis points to 0.884 percent by 11:00 GMT.
The preliminary Markit US Service PMI measure increased to 54.8 for October, versus the 52.3 result seen for September, well above expectations for a 52.3 result. Meanwhile, the preliminary Markit US Composite PMI measure increased to 54.9 in October, versus the 52.3 reading seen in September.
Moreover, the September US Commerce Department advanced goods trade balance report recorded downward pressure in the deficit to -$56.1bln, versus the revised -$59.2bln result that occurred in August (prev. -$58.4bln), well below expectations for a -$60.5bln deficit result.
In addition, the United States government bonds have been closely following developments in oil markets because of their impact on inflation expectations, which is well below the Federal Reserve's target. Crude oil prices recovered from previous losses on fresh buying and concerns over Venezuela's stability. The International benchmark Brent futures rose 0.64 percent to $50.30 and West Texas Intermediate (WTI) jumped 0.43 percent to $49.39 by 11:00 GMT.
Markets now look ahead to a greater flow of data, highlighted by durable goods orders, jobless claims and pending home sales releases, followed later by a 7-year note auction.
Meanwhile, the S&P 500 Futures traded 4.25 points higher at 2,138.25 by 11:00 GMT.
