U.S. Treasuries gain flat ahead of September JOLTs job openings, 10-year auction

The U.S. Treasuries traded flat during late afternoon session Tuesday ahead of the country’s JOLTs job openings data for the month of September and 10-year auction, both scheduled for today at 15:00GMT and 18:00GMT respectively.

The yield on the benchmark 10-year Treasuries hovered around 3.201 percent, the super-long 30-year bond yields also traded nearly flat at 3.433 percent and the yield on the short-term 2-year traded tad lower at 2.908 percent by 11:10GMT.

The main focus in the US today will be the mid-term elections, with polls indicating that the Democrats will most likely win over the House but that the GOP will retain control of the Senate. Data-wise, the only notable item in today’s calendar is the JOLTS job opening figures for September. In the markets, the US Treasury will sell 10-year notes.

Awaiting the outcome of today’s US midterm elections (expected from 23:00GMT),  the 10-yr UST yield was hovering around 3.20 percent in European trade at the time of writing, not far from this year’s peak of 3.26 percent recorded in early October on the back of lingering expectations for further Fed rate tightening ahead.

Meanwhile, the S&P 500 Futures traded 0.67 percent higher at 2,703.25 by 11:15GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained highly bearish at -67.36 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex