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U.S. Treasuries climb ahead of Fed Chair Powell, FOMC members’ speeches

The U.S. Treasuries climbed Friday ahead of the Federal Reserve’s Chair Jerome Powell’s speech, coupled with a host of FOMC speeches through the day, as well namely Evans, Bostic and Kaplan.

The yield on the benchmark 10-year Treasuries remained slumped nearly 2-1/2 basis points to 2.95 percent, the super-long 30-year bond yields also plunged 2-1/2 basis points to 3.10 percent and the yield on the short-term 2-year traded tad lower at 2.50 percent by 11:15GMT.

In the US, durable goods orders figures are expected to report a decline in April of close to 1-1/2 percent m/m, but that looks set be driven by the highly volatile aircraft orders category. Excluding those, orders should increase by around 1/2 percent m/m.

The final release of the University of Michigan consumer sentiment survey, which is set to confirm that consumer confidence was unchanged in May with the headline index at 98.8, should be worth watching too.     

Meanwhile, the S&P 500 Futures rose 0.07 percent to 2,729.50 by 11:20GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 42.06 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex

Lastly, FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

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