U.S. Treasuries fall ahead of August JOLTs job openings data, FOMC member Daly’s speech

The U.S. Treasuries fell during late afternoon session Tuesday as investors await the release of the country’s JOLTs job openings data for the month of August, due today by 14:00GMT and FOMC member Daly’s speech, also scheduled for today at 20:15GMT.

The yield on the benchmark 10-year Treasuries rose 1 basis point to 3.173 percent, the super-long 30-year bond yields surged nearly 1-1/2 basis points to 3.353 percent and the yield on the short-term 2-year traded 1 basis point higher at 2.870 percent by 11:05GMT.

Today’s US data docket brings the August JOLTS report, September IP report and October NAHB housing index. Most notably, an increase circa 0.3 percent m/m is expected in IP, with manufacturing, mining and energy components all likely to be up.

After the market close yesterday, however, President Trump said that King Salman bin Abdulaziz had offered a denial of government involvement that “could not have been stronger” while Secretary of State Michael Pompeo has been dispatched to Saudi Arabia. The President’s measured response seems to have helped Asian markets to avoid following the late direction set by Wall Street, with the major bourses recording a mix of largely unremarkable gains and losses.

Meanwhile, the S&P 500 Futures traded 0.45 percent higher at 2,761.25 by 11:15GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained highly bearish at -138.49 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex