U.S. Treasuries mixed as investors await September CPI, initial jobless claims

The U.S. Treasuries remained mixed during Thursday’s afternoon session ahead of the country’s consumer price inflation (CPI) for the month of September, scheduled to be released today by 12:30GMT, besides, the weekly initial jobless claims, also due later today.

In addition, speeches by Federal Open Market Committee (FOMC) members Kashkari and Mester, due today at 16:15GMT and 21:30GMT respectively, will add further direction to the debt markets.

The yield on the benchmark 10-year Treasury yield remained flat at 1.587 percent, the super-long 30-year bond yield gained 1 basis point to 2.096 percent while the yield on the short-term 2-year slipped 1-1/2 basis point to 1.460 percent by 11:35GMT.

While food prices will likely remain subdued, given the jump in the oil price earlier in the month headline inflation is expected to edge slightly higher to 1.8 percent y/y, Daiwa Capital Markets reported.

Further, core CPI is forecast to move sideways at 2.4 percent y/y. Elsewhere, the US and Chinese trade delegations are set to meet today, while in the markets, the Treasury will sell 30-year bonds, the report added.

Meanwhile, the S&P 500 Futures suffered tad -0.29 percent to trade at 2,911.38 by 11:40GMT.