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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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June 23 14:30 UTC Released

USECRI Weekly Annualized*

Actual

3.4 %

Forecast

Previous

3.7 %

June 23 14:30 UTC Released

USECRI Weekly Index*

Actual

143.7 %

Forecast

Previous

144.0 %

June 26 08:00 UTC 18051805m

GBIfo Expectations*

Actual

Forecast

Previous

106.5 k

June 26 08:00 UTC 18051805m

DEIfo Business Climate*

Actual

Forecast

114.4 bln BRL

Previous

114.6 bln BRL

June 26 08:00 UTC 18051805m

DEIfo Expectations*

Actual

Forecast

106.4 %

Previous

106.5 %

June 26 08:00 UTC 18051805m

DEIfo Current Conditions*

Actual

Forecast

123.3 mln

Previous

123.2 mln

June 26 08:30 UTC 18351835m

GBIfo Expectations*

Actual

Forecast

Previous

40.750 k

June 26 08:30 UTC 18351835m

BRBBA Mortgage Approvals

Actual

Forecast

Previous

40.750 k

June 26 11:00 UTC 19851985m

BRBBA Mortgage Approvals

Actual

Forecast

Previous

84.2 k

June 26 11:00 UTC 19851985m

RUFGV Consumer Conf*

Actual

Forecast

Previous

84.2 %

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