The U.S. Treasuries slumped during Monday’s afternoon session ahead of a speech by Federal Open Market Committee (FOMC) Chair Jerome Powell, scheduled to be delivered at 17:00GMT, besides, a speech from another member, Neel Kashkari, also due later today.
The yield on the benchmark 10-year Treasury yield rose nearly 1-1/2 basis point to 1.527 percent, the super-long 30-year bond yield edged 1 basis point up to 2.025 percent while the yield on the short-term 2-year remained flat at 1.402 percent by 12:00GMT.
In the US, the data highlights will focus on inflation with the September CPI report due on Thursday, as well as PPI and import/export price figures for the same month due tomorrow and Friday respectively, Daiwa Capital Markets reported.
New sentiment indices will come from the NFIB small business survey for September (due tomorrow) and the preliminary University of Michigan consumer confidence survey for October (Friday).
Other releases of note include August consumer credit numbers (today), the JOLTS job report and wholesale trade and inventories figures for the same month (Wednesday), the usual weekly jobless claims figures (Thursday) and the September federal budget statement (specific date of release to be announced), the report added.
Meanwhile, the S&P 500 Futures remained tad -0.36 percent down at 2,901.38 by 12:05GMT.