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The U.S. Treasuries traded mixed during late afternoon session Wednesday amid a ray of hope that trade tensions with China will start to decelerate over the coming months, owing to renewed talks between the leaders of the two countries.
Further, investors are hoping to see a slight rise in the US’ core consumer price inflation (CPI) index for the month of November, scheduled to be released today, followed by the 10-year Note auction today at 18:00GMT.
The yield on the benchmark 10-year Treasuries rose nearly 1 basis point to 2.888 percent, the super-long 30-year bond yields also surged 1 basis point to 3.140 percent while the yield on the short-term 2-year remained nearly 1 basis point lower at 2.766 percent by 11:35GMT.
The United States’ November core CPI is expected to rise a moderate 0.2 percent m/m. That would likely nudge the annual core inflation rate back up 0.1ppt to 2.2 percent y/y.
With energy prices likely to have declined, meanwhile, headline CPI might come in at zero on a monthly basis, which would likely take the annual headline rate down 0.3ppt, also to 2.2 percent, Daiwa Capital Markets reported.
Meanwhile, the S&P 500 Futures rose 0.78 percent to 2,661.38 by 11:40GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained slightly bullish at 90.12 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
