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The U.S. Treasuries gained ahead of the country’s 5-year auction, besides the Federal Open Market Committee (FOMC) monetary policy meeting, scheduled to be held today at 17:00GMT and 18:00GMT respectively.
The yield on the benchmark 10-year Treasury, fell 1-1/2 basis points to 2.31 percent, the super-long 30-year bond yields slipped 1 basis point to 2.89 percent and the yield on short-term 2-year note also traded nearly 1 basis point lower at 1.38 percent by 11:40GMT.
Wall Street rose modestly overnight following stronger-than-expected corporate earnings and positive US data releases. Mirroring the positive momentum in Wall Street overnight, major equity indices in Asia and Europe traded higher on Wednesday, supported by higher oil prices and supportive earnings releases.
In FX markets, the US dollar regained some ground following yesterday’s positive macroeconomic data releases and ahead of the Fed’s monetary policy decision later today. Focus today centres on the FOMC meeting which concludes at 18:00 GMT.
Meanwhile, the S&P 500 Futures traded 0.13 percent higher at 2,477.25 by 11:50GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -16.47 (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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