U.S. Treasuries gain on concerns over month-long government shutdown amid talks of China trade deal

The U.S. Treasuries gained during late European session Thursday, as concerns over the month-long government shutdown still keep investors abated amid talks of a plausible trade deal between the U.S. and China.

The yield on the benchmark 10-year Treasury yield slumped 2 basis points to 2.735 percent, the super-long 30-year bond yields also fell nearly 2 basis points to 3.050 percent and the yield on the short-term 2-year traded nearly 1 basis point lower at 2.583 percent by 11:35GMT.

As the shutdown persists, it will inevitably be another relatively quiet day for new economic data from the US, with only weekly jobless claims data and preliminary PMIs for January due for release.

In the latest surrounding the topic, House Speaker Nancy Pelosi said on Wednesday that Democrats would block President Donald Trump from delivering his State of the Union address until the government reopened — an announcement that Trump complied with. Recent surveys have also indicated that voters want the shutdown to end, with new polls suggesting that many believe Trump should compromise to end the partial closure, CNBC reported.         

Meanwhile, the S&P 500 Futures edged 0.12 percent higher to 2,641.12 by 11:40GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 54.80 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex