U.S. Treasuries climb ahead of 30-year auction, FOMC member Dudley’s speech

The U.S. Treasuries climbed Thursday ahead of the 30-year auction, scheduled to be held today at 18:00GMT. Also, investors are eyeing the release of initial jobless claims and the producer price index inflation, today at 13:30GMT. Further, FOMC member Dudley is scheduled to make a keynote speech later in the day which will provide further direction in the debt market.

The yield on the benchmark 10-year Treasuries slid 1 basis point to 2.53 percent, the super-long 30-year bond yields also fell 1 basis point to 2.88 percent and the yield on the short-term 2-year traded 1/2 basis point higher at 1.96 percent by 11:20GMT.

US Treasuries were firmer in European trade on Thursday assisted by somewhat easing concerns about China’s stance on US bonds and a successful 10-yr bond auction yesterday. In FX markets, the USD gained some ground while the CAD was among the main G10 outperformers amid increased concerns that US President will probably pull out of NAFTA.

Looking at today’s calendar, we will receive US initial jobless claims and US PPI data while the ECB will release its account of the December Governing Council meeting. Also, New York Fed President Bill Dudley will speak publicly on the economic outlook. And the Treasury will sell 30Y bonds.

Meanwhile, the S&P 500 Futures traded 0.11 percent higher at 2,753.50 by 11:25GMT. Lastly, FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest