Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

U.S. Treasuries slide ahead of FOMC member Rosengren’s speech, initial jobless claims

The U.S. Treasuries slid ahead of the Federal Open Market Committee (FOMC) member Eric Rosengren’s speech, scheduled for later in the day. Also, the country’s initial jobless claims, due for release on April 20 will further provide direction to the global debt market.

The yield on the benchmark 10-year Treasury slumped 3-1/2 basis points to 2.21 percent, the super-long 30-year bond yields also plunged nearly 3-1/2 basis points to 2.87 percent and the yield on short-term 2-year note fell 2 basis points to 1.18 percent by 11:50GMT.

Elsewhere, prevailing geopolitical jitters continued to support top-rated sovereign bonds. Looking at the day ahead, the Fed is scheduled to release the latest Beige Book and Boston Fed President Eric Rosengren will speak about the US economy.

Further, the uncertainty surrounding the upcoming French election, continue to cast a shadow over global markets. But, despite this, the sentiment is holding up remarkably well, particularly given ongoing doubts over President Trump’s ability to deliver economic stimulus.

Lastly, hopes are riding high that this week’s slew of US Q1 earnings results will deliver good news. Some softening in the U.S. administration’s bellicose rhetoric regarding North Korea has also been met with guarded optimism.

Meanwhile, the S&P 500 Futures traded 0.30 percent higher at 2,344.50 by 11:50GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -67.15 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

Fintech Week Chicago

April 28 06:00 UTC Released

ZAPvt Sector Credit Ext.*

Actual

4.95 %

Forecast

Previous

5.26 %

April 28 06:00 UTC Released

ZAM3 Money Supply YY*

Actual

5.62 %

Forecast

Previous

6.63 %

April 28 06:45 UTC 2626m

FRPvt Sector Credit Ext.*

Actual

Forecast

1.4 %

Previous

1.4 %

April 28 06:45 UTC 2626m

TRCPI (EU Norm) Prelim YY

Actual

Forecast

1.4 %

Previous

1.4 %

April 28 06:45 UTC 2626m

TRProducer Prices MM

Actual

Forecast

Previous

-0.2 %

April 28 06:45 UTC 2626m

FRConsumer Spending MM

Actual

Forecast

0.5 %

Previous

-0.8 %

April 28 06:45 UTC 2626m

FRProducer Prices MM

Actual

Forecast

Previous

-0.2 %

April 28 07:00 UTC 4141m

TRCPI (EU Norm) Prelim YY

Actual

Forecast

Previous

-3.69 %

April 28 07:30 UTC 7171m

TRProducer Prices MM

Actual

Forecast

Previous

8.00 %

April 28 07:30 UTC 7171m

EZInfl Fcast Curr Yr*

Actual

Forecast

Previous

8.00 %

Fintech Week Chicago
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.