U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty 
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike 
New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves 
German Exports to the U.S. Decline Sharply as Tariffs Reshape Trade in 2025 
EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks 
China Keeps Benchmark Lending Rates Steady as Economic Outlook Remains Cautious 
Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts 
Silver Prices Hit Record High as Geopolitical Tensions Fuel Safe-Haven Demand 
Yen Slides as BOJ Caution Undercuts Rate Hike Impact 
China’s Power Market Revamp Fuels Global Boom in Energy Storage Batteries 
The U.S. Treasuries gained ahead of the Federal Reserve’s monetary policy decision, scheduled on June 14. Also, the country’s CPI for the month of May, due to be released today, will add further direction to the debt market, besides the initial jobless claims, due on June 15.
The yield on the benchmark 10-year Treasury, fell nearly 1 basis point to 2.19 percent, the super-long 30-year bond yields slumped 1-1/2 basis points to 2.85 percent and the yield on short-term 2-year note traded close to 1 basis point lower at 1.35 percent by 11:10GMT.
All eyes today are on the FOMC monetary policy meeting where a 25bps rate hike is nearly fully priced-in. The FOMC policy announcement is scheduled for 18:00GMT followed by the usual press conference by Chair Janet Yellen. With investors awaiting the conclusion of the FOMC meeting, the USD was little changed while GBP was slightly firmer.
"Our economists see no change to their median forecast for one further hike this year, three in 2018 and then achieve a longer-run Fed funds rate of 3 percent. If previous 'mantras' are followed then we expect Chair Yellen to remain constructive, but cautious and data dependent," Lloyds Bank commented in its latest research report.
The U.S. Treasuries have been closely following developments in oil markets because of their impact on inflation expectations. The International benchmark Brent futures fell 0.62 percent to USD48.41 and West Texas Intermediate (WTI) slumped 1.23 percent to USD45.89 by 11:40 GMT.
Meanwhile, the S&P 500 Futures traded 0.12 percent higher at 2,441.00 by 11:40GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 30.53 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
