U.S. Treasuries tad lower as investors await initial jobless claims, August employment report

The U.S. Treasuries steadied as investors wait to watch the country’s initial jobless claims, scheduled to be released today by 12:30GMT.

The yield on the benchmark 10-year Treasury hovered around 2.15 percent, the super-long 30-year bond yields tad higher at 2.75 percent and the yield on short-term 2-year note traded flat at 1.33 percent by 10:40GMT.

Data releases from both China and the US surprised positively prompting a renewed bout of risk appetite. With geopolitical tensions receding, for the time being, the USD moved higher with the DXY index hitting multi-session highs earlier today.

The US Treasury and German Bund yields were modestly higher on a daily basis, remaining still close to recent multi-month lows, probably on the back of market woes that political and/or geopolitical risks may come again to the fore in the near term. Looking at today’s calendar, the focus is on inflation data from the Eurozone and the US.

Meanwhile, the S&P 500 Futures traded 0.22 percent higher at 2,461.50 by 10:50GMT, while at 10:00GMT, the FxWirePro's Hourly Dollar Strength Index remained highly bearish at -157.48 (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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