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German headline inflation rate falls below zero in July, likely to return to positive territory in August
U.S. Treasuries edge tad down amid quiet trading day ahead of FOMC member Mester’s speech
The U.S. Treasuries edged tad lower during Monday’s afternoon session amid a relatively quiet day ahead of FOMC member Mester’s speech, scheduled to be delivered today by 17:00GMT.
The yield on the benchmark 10-year Treasury yield rose 1-1/2 basis points to 1.848 percent, the super-long 30-year bond yield also edged tad 1-1/2 basis points higher to 2.327 percent and the yield on the short-term 2-year too traded 1-1/2 basis points higher at 1.627 percent by 11:45GMT.
In the US, this week’s data calendar will bring various housing market indicators including the NAHB index for November (today), housing starts figures (tomorrow) and existing home sales numbers for October (Thursday), Daiwa Capital Markets reported.
Thursday will also bring the latest Philly Fed and Conference Board’s leading indices, followed on Friday by Markit’s flash PMIs for November. Wednesday’s publication of the minutes from the most recent FOMC meeting will also be closely watched. In the markets, the US will sell 10-year TIPS on Thursday, the report added.
Meanwhile, the S&P 500 Futures remained tad 0.19 percent higher at 3,124.12 by 11:50GMT.