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U.S. Treasuries remain flat ahead of Trump, Dudley’s speeches

The U.S. Treasuries trade flat in quiet trading session Monday as investors await to read the lines from President Donald Trump’s scheduled speech later in the day. Also, the Federal Open Market Committee (FOMC) member

The yield on the benchmark 10-year Treasury hovered around 2.51 percent, the super-long 30-year bond yield traded up 1-1/2 basis points at 3.12 percent and the yield on short-term 2-year note remained flat at 1.32 percent by 11:50GMT.

The USD remained under pressure against its major currency peer while US Treasuries’ positive reaction to the less hawkish than expected FOMC monetary policy statement was short-lived.

The labor market report, released last week said initial jobless claims edged down to 241,000, a decrease of 2,000 from the previous week's unrevised level of 243,000. Economists had expected jobless claims to dip to 240,000. Further, the report showed that the four-week moving average inched up to 237,250, an increase of 750 from the previous week's unrevised average of 236,500.

Meanwhile, the S&P 500 Futures remained fell 0.12 percent to 2,372.50 by 11:50GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained highly bearish at -141.24 (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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May 30 01:30 UTC Released

AUPrivate House Approvals*

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0.5 %

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-4.3 %

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AUBuilding Approvals MM*

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4.4 %

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3.0 %

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-13.4 %

May 30 06:00 UTC 266266m

ZAM3 Money Supply YY*

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5.79 %

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5.62 %

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ZAPvt Sector Credit Ext.*

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5.84 %

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4.95 %

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DEImport Prices YY

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6.4 %

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6.1 %

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DEImport Prices MM

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0.1 %

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-0.5 %

May 30 06:45 UTC 311311m

FRConsumer Confidence

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101 %

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100 %

May 30 06:45 UTC 311311m

FRConsumer Spending MM

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0.7 %

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-0.4 %

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FRGDP Detailed QQ

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0.30 %

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0.3 %

May 30 07:00 UTC 326326m

DESN State CPI MM*

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-0.1 %

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