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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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November 24 09:00 UTC Released

DEIfo Expectations*

Actual

111 %

Forecast

108.9 %

Previous

2.1000 %

November 24 09:00 UTC Released

DEIfo Current Conditions*

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124.4 %

Forecast

125 %

Previous

-0.6000 %

November 24 09:30 UTC 1717m

GBBBA mortgage approvals

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41.584 k

November 24 11:30 UTC 137137m

INBank Loan Growth*

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7.2 %

November 24 11:30 UTC 137137m

INDeposit Growth*

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Previous

9.2 %

November 24 11:30 UTC 137137m

INFX Reserves, USD*

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399.29 Bln USD

November 24 11:30 UTC 137137m

TRMBA Mortgage Applications

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79.7 %

November 24 11:30 UTC 137137m

TRMortgage Market Index

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109.5 %

November 24 12:30 UTC 197197m

BRBank Lending MM*

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Previous

November 24 13:30 UTC 257257m

USCorn Export sales New

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Forecast

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962 K

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