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U.S. Treasuries mark silent end to trading week ahead of few FOMC members’ speeches

The U.S. Treasuries remained tad higher Friday ahead of the Federal Open Market Committee’s (FOMC) members Brainard and Kaplan’s speech scheduled for today at 13:15GMT respectively.

The yield on the benchmark 10-year Treasuries slid 1 basis point to 3.10 percent, the super-long 30-year bond yields also slipped slightly to 3.23 percent and the yield on the short-term 2-year traded 1-1/2 basis points lower at 2.55 percent by 11:00GMT.

Given some support from the strong signal on prices from the Philly Fed survey, Treasury yields again nudged a little higher and the US dollar is very modestly firmer.

Together these moves weighed a little on Wall Street, with the S&P500 closing down 0.1 percent despite the solid economic data – which did keep industrials in the black – and a rally in energy stocks (WTI rose above USD72 bpd and Brent rose above USD80 bpd before easing back).    

Meanwhile, the S&P 500 Futures rose 0.20 percent to 2,724.25 by 11:05GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained highly bullish at 160.33 (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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