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U.S. Treasuries climb ahead of February JOLTs job openings data, host of FOMC speeches
The U.S. Treasuries climbed Friday as investors wait to watch the country’s JOLTs job openings data for the month of February, scheduled to be released today 14:00GMT. To add to that, the Federal Open Market Committee’s (FOMC) member Rosengren, Bullard and Kaplan are scheduled to deliver their speeches, due later in the day which shall add further direction to the debt market.
The yield on the benchmark 10-year Treasuries slipped 1 basis point to 2.82 percent, the super-long 30-year bond yields slumped 1-1/2 basis points to 3.02 percent and the yield on the short-term 2-year traded tad lower at 2.34 percent by 11:50GMT.
In the US, today will bring the February JOLTS labour market report and the preliminary University of Michigan consumer confidence survey for April. Despite continued firm jobs growth, the latter is expected to show a slight deterioration from the cyclical high reached in March reflecting recent equity market volatility and trade-war concerns, Daiwa Capital Markets reported.
Meanwhile, the S&P 500 Futures rose 0.31 percent to 2,672.25 by 11:55GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 22.65 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
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