U.S. Treasuries mixed ahead of August retail sales, industrial production

The U.S. Treasuries remained mixed Friday as investors wait to watch the country’s retail sales for the month of August and the industrial production for the same period, scheduled to be released today by 12:30GMT and 13:5GMT respectively.

The yield on the benchmark 10-year Treasury hovered around 2.20 percent, the super-long 30-year bond yields down nearly 1 basis point to 2.78 percent and the yield on short-term 2-year note traded nearly 1-1/2 basis points higher at 1.38 percent by 10:40GMT.

After yesterday’s US CPI data ended the run of weaker-than-expected readings, today will bring further top-tier economic releases in the shape of the August retail sales and industrial production reports. While overall retail sales growth might slow due to a drop in auto sales, other components seem likely to have provided offsets.

And thanks to improved fortunes in the manufacturing sector, industrial production seems likely to have maintained the steady uptrend seen since February. The September University of Michigan consumer confidence survey results and July business inventory data will also be published.

Meanwhile, the S&P 500 Futures traded 0.11 percent lower at 2,491.50 by 10:45GMT, while at 10:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -5.78 (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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