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The U.S. Treasuries remained narrowly mixed Wednesday ahead of today’s October consumer price inflation (CPI), scheduled to be released by 13:30GMT. Also, Fed Chair Jerome Powell’s speech, due for today at 23:00GMT will add further direction to the debt market, besides, speeches from FOMC members Quarles and Daly, due today at 15:00GMT and 22:00GMT respectively.
The yield on the benchmark 10-year Treasuries hovered around 3.142 percent, the super-long 30-year bond yields slipped 1 basis point to 3.358 percent and the yield on the short-term 2-year traded flat at 2.895 percent by 10:50GMT.
A modest increase in gasoline prices will help boost the headline index to leave the annual pace increasing for the first time since June, by 0.2ppt to 2.5 percent y/y. The rise in core prices should be a touch softer at 0.2 percent m/m, to leave the year-on-year rate unchanged at 2.2 percent, Daiwa Capital Markets reported.
Meanwhile, the S&P 500 Futures traded 0.22 percent lower at 2,721.50 by 10:55GMT, while at 10:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 54.22 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
