U.S. Treasuries narrowly mixed ahead of October consumer price inflation data, Fed Chair Powell’s speech

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