Canadian housing starts rise strongly in June, homebuilding activity to remain afloat through remainder of 2020
U.S. Treasuries surge ahead of PCE and personal spending indices, FOMC member Bullard's speech
The U.S. Treasuries surged during Friday’s evening session ahead of the country’s personal consumption expenditure and personal spending index for the month of January, scheduled to be released today by 13:30GMT.
Also, FOMC member Bullard is due to deliver a speech, later today, which shall add further direction to the debt market.
The yield on the benchmark 10-year Treasury yield plunged 9 basis points to 1.209 percent, the super-long 30-year bond yield slumped nearly 6 basis points to trade at 1.726 percent and the yield on the short-term 2-year lost nearly 12 basis points to 0.986 percent by 13:35GMT.
In the US, today will bring advance goods trade and wholesale inventories figures for January, as well as personal income and spending data, including the closely-watched deflators, for the same month. The updated University of Michigan consumer sentiment survey for February is also due. Elsewhere, the Fed’s Bullard will discuss the US economy and monetary policy, Daiwa Capital Markets reported.
Meanwhile, the S&P 500 Futures traded tad -0.50 percent down at 2,943.38 by 12:45GMT.