The U.S. Treasuries suffered during late afternoon session Monday as investors wait to see a pick-up in the country’s retail sales for the month of September, scheduled to be released today by 12:30GMT. However, a host of speeches by the Federal Open Market Committee (FOMC) members, to be delivered throughout this week will be watched for detailed direction in the debt market.
The yield on the benchmark 10-year Treasuries rose 1 basis point to 3.152 percent, the super-long 30-year bond yields surged 1-1/2 basis points to 3.331 percent and the yield on the short-term 2-year traded 1 basis point higher at 2.849 percent by 10:50GMT.
In the US, today, besides, the retail sales, brings the federal budget reports for September, business inventories for August and the New York Empire manufacturing survey for October.
"In particular, we expect to see a solid retail sales report (0.6 percent m/m total sales, 0.4 percent m/m ex autos), supported by a pickup in sales of new autos as well as respectable growth in most other areas," Daiwa Capital Markets commented in its latest report.
Tomorrow, meanwhile, brings the August JOLTS report, September IP report and October NAHB housing index, followed by September housing starts and permits and the minutes from the September FOMC meeting on Wednesday. The Philadelphia Fed’s manufacturing survey for October will be released on Thursday, followed by existing home sales for September on Friday. In the bond market, the Treasury will auction 30-year TIPS on Thursday, the report added.
Meanwhile, the S&P 500 Futures traded 0.47 percent lower at 2,755.75 by 11:05GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained slightly bearish at -80.98 (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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