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U.S. Treasuries jump ahead of Jackson Hole Symposium, FOMC Kaplan’s speech

The U.S. Treasuries jumped Wednesday as investors wait to watch the Federal Open Market Committee (FOMC) member Kaplan’s speech, scheduled to be held today by 13:05GMT. Also, markets remain focussed to observe the speeches from the upcoming Jackson Hole Symposium, scheduled to be held on August 24 for detailed insight into debt trading.

The yield on the benchmark 10-year Treasury, slumped nearly 2 basis points to 2.20 percent, the super-long 30-year bond yields also plunged 2 basis points to 2.77 percent and the yield on short-term 2-year note traded steady at 1.32 percent by 12:10GMT.

In the US, along with the flash Markit PMIs for August today will bring new home sales data for July. In addition, the Treasury will sell 2Y FRNs.

This week, top central bankers including the Fed’s Yellen and ECB President Draghi will gather for the Jackson Hole economic symposium. Central bankers gather Thursday through Saturday in Wyoming and the markets focus will be on Yellen’s speech Friday morning on financial stability, while Draghi will speak Friday afternoon.

The 2017 symposium will focus on “Fostering a Dynamic Global Economy” in an annual event that gathers hundreds of central bankers, finance ministers, policymakers, academics and economists in order to exchange ideas the economic issues, implications, and policy options pertaining to the symposium topic.

Meanwhile, the S&P 500 Futures traded 0.35 percent lower at 2,444.25 by 12:10GMT, while at 12:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -31.53 (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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2017-09-22 21:05:48
0m

September 22 14:30 UTC Released

USECRI Weekly Annualized*

Actual

0.0 %

Forecast

Previous

0.3 %

September 22 14:30 UTC Released

USECRI Weekly Index*

Actual

143.4 %

Forecast

Previous

143.3 %

September 25 00:30 UTC 25612561m

JPNikkei Mfg PMI

Actual

Forecast

Previous

52.2 bln $

September 25 08:00 UTC 30113011m

DEIfo Business Climate*

Actual

Forecast

116.0 %

Previous

115.9 %

September 25 08:00 UTC 30113011m

DEIfo Current Conditions*

Actual

Forecast

124.8 %

Previous

124.6 %

September 25 08:00 UTC 30113011m

DEIfo Expectations*

Actual

Forecast

107.9 %

Previous

107.9 %

September 25 11:30 UTC 32213221m

TRCapacity Utilisation*

Actual

Forecast

Previous

78.8 %

September 25 11:30 UTC 32213221m

TRManufacturing Confidence*

Actual

Forecast

Previous

110.7 %

September 25 12:30 UTC 32813281m

USNational Activity Index*

Actual

Forecast

Previous

-0.01 %

September 25 13:00 UTC 33113311m

MXIGAE Econ Activity YY

Actual

Forecast

Previous

2.4 %

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