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The U.S. Treasuries continued to suffer losses during Wednesday’s afternoon session ahead of the country’s ADP non-farm employment for the month of January, scheduled to be released today by 18:45GMT, besides, the ISM non-manufacturing PMI for the similar period, also due later today.
The yield on the benchmark 10-year Treasury yield jumped 3-1/2 basis points to 1.635 percent, the super-long 30-year bond yield surged 3 basis points to 2.109 percent and the yield on the short-term 2-year gained 2 basis points to trade at 1.435 percent by 11:30GMT.
A busier day for US releases brings perhaps most notably the non-manufacturing ISM and final services PMI for January, both of which are expected to remain comfortably in expansionary territory. Final trade figures for December are also due, Daiwa Capital Markets reported.
Meanwhile, the S&P 500 Futures remained nearly 1 percent higher at 3,327.62 by 11:35GMT.
