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U.S. Treasuries gain in muted trading session ahead of FOMC member Brainard’s speech
The U.S. Treasuries gained during Friday’s afternoon session amid a muted trading day that witnessed data of little economic significance. However, a speech by Federal Open Market Committee (FOMC) member Brainard, due to be delivered today at 13:30GMT, shall provide further direction into the debt market.
The yield on the benchmark 10-year Treasury yield slipped nearly 1-1/2 basis points to 1.909 percent, the super-long 30-year bond yield suffered 2 basis points to 2.380 percent and the yield on the short-term 2-year traded nearly 1 basis point lower at 1.670 percent by 11:15GMT.
After US stock markets rose to fresh record highs yesterday on increased optimism surrounding the phase one of the China-US trade agreement and associated comments surrounding potential tariff rollbacks, Asian equities started the day on the front foot, Daiwa Capital Markets reported.
In the US, the end of the week will bring the University of Michigan’s latest consumer sentiment survey for November, along with wholesale inventories and trade sales figures for September. Elsewhere, the Fed’s Daly is due to speak publicly, the report added.
Meanwhile, the S&P 500 Futures remained tad down at 3,084.62 by 11:20GMT.
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