The U.S. Treasuries edged slightly lower during Friday’s afternoon session, ahead of the country’s personal income and spending data, scheduled to be released today by 12:30GMT, with major focus concentrated on the G-20 Summit, starting today in Japan.
The yield on the benchmark 10-year Treasury yield rose 1-1/2 basis points to 2.019 percent, the super-long 30-year bond yields also surged 1-1/2 basis points to 2.537 percent and the yield on the short-term 2-year hovered around 1.745 percent by 11:40GMT.
Investors adopt a cautious stance ahead of the eagerly-awaited 1½-hour meeting between US President Donald Trump and his Chinese counterpart Xi Jinping, scheduled around noontime on Saturday, on the side-lines of this week’s G20 summit in Osaka, Japan, Eurobank Economic Analysis & Financial Markets Research reported.
With both sides expressing a desire to resume trade talks, investors see increasing chances for a trade war ceasefire and the resumption of negotiations that could lead to some reduction in trade tensions.
However, reviving trade talks does not guarantee a final deal down the road and, therefore, a renewed escalation in the US-China trade dispute cannot be ruled out completely. Amid rising doubts about the outcome of the meeting, European equity markets were in a consolidation mood in early trade following Asian bourses’ poor performance in today’s session, the report added.
Meanwhile, the S&P 500 Futures traded tad higher at 2,923.38 by 11:45GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -39.72 (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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