Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

U.S. Treasuries continue to fall ahead of Treasury Secretary Mnuchin’s speech

The U.S. Treasuries continued to fall Thursday as investors wait to watch the Treasury Secretary Steven Mnuchin’s speech, scheduled to be held later in the day. Also, the country’s initial jobless claims, due for release late today, will further provide direction to the global debt market.

The yield on the benchmark 10-year Treasury jumped nearly 3 basis points to 2.23 percent, the super-long 30-year bond yields also surged 2-1/2 basis points to 2.88 percent and the yield on short-term 2-year note traded over 1 basis point to 1.18 percent by 11:30GMT.

In FX markets, the USD remained under pressure as the recent string of weaker-than-expected US data and lingering market uncertainty over whether President Donald Trump will manage to push through tax reforms any time soon continued to weigh.

In other news, the House of Commons voted on Wednesday overwhelmingly in support of a snap general election to be held on June 8. On May 3, the Parliament will be dissolved and the presidential campaign will formally begin.

Lastly, hopes are riding high that this week’s slew of US Q1 earnings results will deliver good news. Some softening in the U.S. administration’s bellicose rhetoric regarding North Korea has also been met with guarded optimism.

Meanwhile, the S&P 500 Futures traded 0.29 percent higher at 2,341.00 by 11:40GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 47.69 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

December 10 23:50 UTC Released

JPBusiness Survey Index*

Actual

9.7 %

Forecast

Previous

9.4 %

December 9 01:30 UTC Released

CNPPI YY*

Actual

5.8 %

Forecast

5.9 %

Previous

6.9 %

December 11 07:00 UTC 402402m

TRCurrent Account Balance*

Actual

Forecast

Previous

-4.527 Bln USD

December 11 09:00 UTC 522522m

ITRetail Sales SA MM

Actual

Forecast

Previous

0.9 %

December 11 09:00 UTC 522522m

ITRetail Sales NSA YY

Actual

Forecast

Previous

3.4 %

December 11 11:30 UTC 672672m

TREndYear CPI Fcst/Cb Svy*

Actual

Forecast

Previous

10.68 %

December 11 15:00 UTC 882882m

USEmployment Trends*

Actual

Forecast

Previous

135.6 tln

December 11 15:00 UTC 882882m

USJOLTS Job Openings*

Actual

Forecast

Previous

6.093 Mln

December 11 21:00 UTC 12421242m

KRExport Price Growth YY*

Actual

Forecast

Previous

8 %

December 11 21:00 UTC 12421242m

KRImport Price Growth YY*

Actual

Forecast

Previous

6.8 %

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.