U.S. Treasuries flat ahead of February non-farm payrolls data, unemployment rate

The U.S. Treasuries remained flat Thursday ahead of the country’s non-farm payrolls data for the month of February and the unemployment rate for the similar period, scheduled for march 8 at 13:30GMT respectively. Also, FOMC members Rosengren and Evans’ speech, due tomorrow will add further direction to the debt market.

The yield on the benchmark 10-year Treasuries remained flat at 2.88 percent, the super-long 30-year bond yields edged nearly 1 basis point higher to 3.15 percent and the yield on the short-term 2-year hovered around 2.25 percent by 11:35GMT.

In the US, a relatively light data calendar will bring the usual weekly jobless claims numbers, February Challenger job cuts numbers, and the Fed’s Q4 flow of funds.

Risk appetite was generally supported earlier today on somewhat easing worries over the risk of a trade war. A White House spokeswoman made known on Wednesday that the US President plans to offer Canada and Mexico a 30-day exemption from the impending tariffs that could potentially be extended, depending on progress in NAFTA negotiations, adding that other countries could also be excluded “based on national security”.

Meanwhile, the S&P 500 Futures rose 0.13 percent to 2,726.50 by 11:35GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -35.01 (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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