U.S. Treasuries range-bound ahead of FOMC’s November meeting minutes, long Thanksgiving weekend

The U.S. Treasuries remained range-bound Wednesday as investors remained sidelined in any major trading activity ahead of the FOMC November meeting minutes, scheduled to be released today by 19:00GMT ahead of a long weekend on account of Thanksgiving Day celebration.

The yield on the benchmark 10-year Treasuries rose 1 basis point to 2.37 percent, the super-long 30-year bond yields climbed 1-1/2 basis points to 2.77 percent and the yield on short-term 2-year note traded nearly flat at 1.77 percent by 10:40GMT.

Ahead of the long Thanksgiving weekend, the Fed will release the minutes of the October FOMC meeting. With Fed communication having been consistent over recent months, and – not least given the firmer recent core CPI figures – a rate hike next month almost a done deal now, the minutes seem unlikely to offer any significant insights into the short-term outlook for the US monetary policy.

In terms of new economic data, we will see the release of October durables goods orders, the final University of Michigan consumer survey results for November and the weekly jobless claims report.

Meanwhile, the S&P 500 Futures traded flat at 2,596.75 by 10:45GMT, while at 10:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -2.32 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest