Australian government's new $66 billion package will take coronavirus economic life support to $189 billion
U.S. Treasuries slump ahead of 5-year auction, FOMC members’ speeches
The U.S. Treasuries slumped during Wednesday’s afternoon session ahead of the country’s 5-year auction, due to be held today by 18:00GMT. Also, speeches by FOMC members, Kaplan and Kashkari, awaiting to be delivered today by 14:35GMT and 18:00GMT respectively, shall add further direction to the debt market.
The yield on the benchmark 10-year Treasury yield jumped 4 basis points to 1.370 percent, the super-long 30-year bond yield surged 5-1/2 basis points to trade at 1.858 percent and the yield on the short-term 2-year edged tad nearly 1 basis point up to 1.199 percent by 13:35GMT.
Friday’s release of advance goods trade and inventories figures for January will also provide an update on economic activity at the start of the year, while personal income and spending data, including the monthly deflators, for the same month will also be closely watched, the report added.
Meanwhile, the S&P 500 Futures traded tad 0.41 percent higher at 3,239.12 by 13:40GMT.