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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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September 21 08:30 UTC Released

GBPSNCR, MM GBP

Actual

0.037 Bln GBP

Forecast

Previous

-3.912 Bln GBP

September 21 08:30 UTC Released

GBPSNB, MM GBP

Actual

5.093 Bln GBP

Forecast

Previous

-0.76 Bln GBP

September 21 12:00 UTC 209209m

BRIPCA-15 Mid-Month CPI

Actual

Forecast

0.15 %

Previous

0.35 %

September 21 12:00 UTC 209209m

BRIPCA-15 Mid-Month CPI YY*

Actual

Forecast

2.60 %

Previous

2.68 %

September 21 12:30 UTC 239239m

CAWholesale Trade MM

Actual

Forecast

-0.9 %

Previous

-0.5 %

September 21 12:30 UTC 239239m

USInitial Jobless Claims

Actual

Forecast

300 k

Previous

284 k

September 21 12:30 UTC 239239m

USJobless Claims 4-Wk Avg

Actual

Forecast

Previous

263.25 k

September 21 12:30 UTC 239239m

USContinued Jobless Claims*

Actual

Forecast

1.975 mln

Previous

1.944 mln

September 21 12:30 UTC 239239m

USPhilly Fed Business Indx

Actual

Forecast

17.2 %

Previous

18.9 %

September 21 12:30 UTC 239239m

USPhilly Fed 6M Index

Actual

Forecast

Previous

42.3 bln

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