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U.S. Treasuries nearly flat ahead of August ADP non-farm employment, initial jobless claims data

The U.S. Treasuries remained nearly flat Thursday ahead of the country’s ADP non-farm employment data for the month of August and weekly initial jobless claims, scheduled to be released today by 12:15GMT and 12:30GMT respectively.

The yield on the benchmark 10-year Treasuries hovered around 2.898 percent, the super-long 30-year bond yields flat at 3.074 percent and the yield on the short-term 2-year too traded steady at 2.649 percent by 11:10GMT.

Like in Germany, today’s US data docket also features July factory orders numbers, with the 1.7 percent m/m drop in orders for durable goods (due to a sizeable drop in the volatile aircraft component) set to dominate.

In addition, among the other numerous releases, the ADP employment data are due ahead of tomorrow’s official labour market report. And the non-manufacturing ISM and final services PMI reports for August, and a second reading on Q2 labour productivity, will also be released.

Meanwhile, the S&P 500 Futures traded 0.03 percent lower at 2,887.00 by 11:15GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -54.73 (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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