The U.S. Treasuries gained during Wednesday’s afternoon session ahead of the Federal Reserve’s monetary policy meeting, due to be concluded today by 19:00GMT, followed by a press conference at 19:30GMT.
Besides, the country’s gross domestic product (GDP) for the fourth quarter of this year, due to be delivered on January 30 by 13:30GMT, shall pave the way for future direction in the debt market.
The yield on the benchmark 10-year Treasury yield lost 1 basis point to 1.630 percent, the super-long 30-year bond yield also edged tad 1 basis point down to 2.084 percent and the yield on the short-term 2-year remained 1-1/2 basis points down at 1.443 percent by 11:45GMT.
In the US, December durable goods orders, due for release today are expected to be up 0.8 percent, following a 2.1 percent fall in November. Much of the rebound is due to stronger aerospace orders. These, however, can be very volatile. A better gauge of the underlying picture is provided by the ex-transport reading, which is forecast to rise by 0.5 percent after a 0.1 percent fall, Lloyds Bank reported.
The US-China trade deal suggests that 2020 may be a better year for the industrial sector. One area of concern, however, is aerospace, where Boeing’s problems may lead to production cutbacks, the report added.
Meanwhile, the S&P 500 Futures remained nearly flat at 3,243.12 by 11:50GMT.