Starbucks, Nestle extend collaboration to bring ready-to-drink coffee to Southeast Asia, Latin America, and Oceania
U.S. Treasuries surge ahead of September retail sales, Fed speeches
The U.S. Treasuries surged during Wednesday’s afternoon session ahead of the country’s retail sales for the month of September, scheduled to be released today by 12:30GMT. Also, Chicago Fed President Evans and FOMC member Brainard are scheduled to deliver their respective speeches today at 13:00GMT and 19:00GMT.
The yield on the benchmark 10-year Treasury yield plunged 3-1/2 basis points to 1.734 percent, the super-long 30-year bond yield fell 1-1/2 basis points to 2.215 percent and the yield on the short-term 2-year plummeted 2-1/2 basis points to 1.598 percent by 12:10GMT.
Today’s main focus in the US will be the September retail sales figures, which are due together with business inventories numbers for August, the Fed’s latest beige book and the NAHB housing market index for October, Daiwa Capital Markets reported.
FOMC speakers include Chicago Fed President Charles Evans and Dallas Fed President Robert Kaplan. In the markets, the Treasury will sell 5-year TIPS, the report added.
Meanwhile, the S&P 500 Futures slipped -0.24 percent to trade at 2,964.12 by 12:15GMT.