The U.S. Treasuries jumped during Wednesday’s afternoon session ahead of the country’s non-farm productivity data for the third quarter of this year, scheduled to be released today by 13:30GMT and the 10-year auction, also due to be held today by 18:00GMT.
Besides, Chicago Fed President Evans and Federal Open Market Committee (FOMC) members Williams and Harker, are all lined up to deliver their respective speeches later today, which shall add further direction into the debt market.
The yield on the benchmark 10-year Treasury yield slumped 2 basis points to 1.846 percent, the super-long 30-year bond yield plunged 2-1/2 basis points to 2.323 percent and the yield on the short-term 2-year too traded nearly 2-1/2 basis points down at 1.611 percent by 11:45GMT.
While non-farm productivity growth is expected to have slowed in Q3, to roughly half the 1.8 percent q/q ann. pace seen in the previous four quarters, the annual increase in unit labour costs is expected to have moderated only slightly from the 2.6 percent q/q ann. rate in Q2, Daiwa Capital Market reported.
Meanwhile, the S&P 500 Futures remained flat at 3,071.62 by 11:50GMT.


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