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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

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October 18 14:30 UTC Released

BRForeign Exchange Flows*

Actual

1.261 Bln USD

Forecast

Previous

0.980 Bln USD

October 18 13:00 UTC Released

RUReal Wages YY

Actual

2.6 %

Forecast

3.9 %

Previous

3.7 %

October 18 23:50 UTC 330330m

JPForeign Bond Investment

Actual

Forecast

Previous

89.2 Bln JPY

October 18 23:50 UTC 330330m

JPForeign Invest JP Stock

Actual

Forecast

Previous

1235.3 Bln JPY

October 18 23:50 UTC 330330m

JPExports YY*

Actual

Forecast

14.9 %

Previous

18.1 %

October 18 23:50 UTC 330330m

JPImports YY*

Actual

Forecast

15.0 %

Previous

15.2 %

October 18 23:50 UTC 330330m

JPTrade Balance Total Yen*

Actual

Forecast

559.8 Bln JPY

Previous

113.6 Bln JPY

October 19 00:00 UTC 340340m

KRBank of Korea Base Rate*

Actual

Forecast

Previous

1.25 %

October 19 00:00 UTC 340340m

ID7-Day Reverse Repo*

Actual

Forecast

4.25 %

Previous

4.25 %

October 19 00:00 UTC 340340m

IDDeposit Facility Rate*

Actual

Forecast

3.50 %

Previous

3.5 %

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