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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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December 10 23:50 UTC Released

JPBusiness Survey Index*

Actual

9.7 %

Forecast

Previous

9.4 %

December 9 01:30 UTC Released

CNPPI YY*

Actual

5.8 %

Forecast

5.9 %

Previous

6.9 %

December 11 07:00 UTC 176176m

TRCurrent Account Balance*

Actual

Forecast

Previous

-4.527 Bln USD

December 11 09:00 UTC 296296m

ITRetail Sales SA MM

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Forecast

Previous

0.9 %

December 11 09:00 UTC 296296m

ITRetail Sales NSA YY

Actual

Forecast

Previous

3.4 %

December 11 11:30 UTC 446446m

TREndYear CPI Fcst/Cb Svy*

Actual

Forecast

Previous

10.68 %

December 11 15:00 UTC 656656m

USEmployment Trends*

Actual

Forecast

Previous

135.6 tln

December 11 15:00 UTC 656656m

USJOLTS Job Openings*

Actual

Forecast

Previous

6.093 Mln

December 11 21:00 UTC 10161016m

KRExport Price Growth YY*

Actual

Forecast

Previous

8 %

December 11 21:00 UTC 10161016m

KRImport Price Growth YY*

Actual

Forecast

Previous

6.8 %

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