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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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August 20 23:00 UTC Released

JPReuters Tankan DI

Actual

27 %

Forecast

Previous

26 %

August 20 21:00 UTC Released

KRPPI Growth MM*

Actual

0.1 %

Forecast

Previous

-0.4 %

August 21 08:30 UTC 339339m

ID7-Day Reverse Repo*

Actual

Forecast

Previous

6.278 %

August 21 08:30 UTC 339339m

IDDeposit Facility Rate*

Actual

Forecast

Previous

18.283 %

August 21 12:30 UTC 579579m

IDLending Facility Rate*

Actual

Forecast

Previous

0.9 %

August 21 12:30 UTC 579579m

DEZEW Economic Sentiment*

Actual

Forecast

Previous

0.13 %

August 21 12:30 UTC 579579m

USNational Activity Index*

Actual

Forecast

Previous

0.13 %

August 21 12:30 UTC 579579m

CAWholesale Trade MM

Actual

Forecast

-0.4 %

Previous

0.9 %

August 21 14:30 UTC 699699m

TRReuters Tankan DI

Actual

Forecast

Previous

811.8 Bln TRY

August 21 14:30 UTC 699699m

DEZEW Current Conditions*

Actual

Forecast

Previous

811.8 Bln TRY

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