U.S. Treasuries hold gains after weekly jobless claims remain unchanged, pointing to solid labour market

The U.S. Treasuries held onto gains during Thursday’s evening session, after the country’s weekly initial jobless claims, remained unchanged during the week ended early June, pointing towards strength in the labour market.

Now investors will be eyeing the Federal Open Market Committee (FOMC) member Williams’ speech, due later through the day by 17:00GMT, which shall add further direction in the debt market.

The yield on the benchmark 10-year Treasury yield slumped 2-1/2 basis points to 2.098 percent, the super-long 30-year bond yields plunged 4 basis points to 2.594 percent and the yield on the short-term 2-year traded tad lower at 1.839 percent by 12:40GMT.

According to data released by the United States’ Department of Labour, initial claims for state unemployment benefits were unchanged at a seasonally adjusted 218,000 for the week ended June 1, while data for the prior week was revised to show 3,000 more applications received than previously reported.

Further, a Reuters survey of economists, showed that nonfarm payrolls, due to be released tomorrow likely increased by 185,000 jobs in May after surging by 263,000 in April.

Meanwhile, the S&P 500 Futures traded tad 0.22 percent lower at 2,746.38 by 12:45GMT, while at 12:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -59.72 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex