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The U.S. Treasuries climbed during late afternoon session Friday ahead of the country’s retail sales data for the month of November, scheduled to be released today by 13:30GMT. The headline retail figure is likely to come in on the soft side weighed by a slowing of new auto sales and lower prices of gasoline, although a decent showing around the Thanksgiving Holiday should provide some support.
The yield on the benchmark 10-year Treasuries slumped 3 basis points to 2.881 percent, the super-long 30-year bond yields fell 2 basis points to 3.143 percent and the yield on the short-term 2-year remained 3 basis points lower at 2.731 percent by 11:40GMT.
The United States’ November core CPI is expected to rise a moderate 0.2 percent m/m. That would likely nudge the annual core inflation rate back up 0.1ppt to 2.2 percent y/y.
With energy prices likely to have declined, meanwhile, headline CPI might come in at zero on a monthly basis, which would likely take the annual headline rate down 0.3ppt, also to 2.2 percent, Daiwa Capital Markets reported.
Meanwhile, the S&P 500 Futures slipped 0.90 percent to 2,621.00 by 11:45GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained slightly bullish at 79.41 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
