U.S. Treasuries narrowly mixed ahead of January CPI, retail sales data

The U.S. Treasuries remained narrowly mixed Wednesday ahead of the country’s consumer price inflation and retail sales data for the month of January, scheduled to be released today by 13:30GMT respectively.

The yield on the benchmark 10-year Treasuries hovered around 2.83 percent, the super-long 30-year bond yields skid 1 basis point to 3.11 percent and the yield on the short-term 2-year traded tad higher at 2.11 percent by 10:50GMT.

Today is the most notable day in this week’s US data calendar bringing the January CPI and retail sales reports. In the context of recent market volatility, the former will be of particular interest to see whether the firmer momentum in core inflation seen in the closing months of last year has been sustained.

Core CPI is expected to have risen by 0.2 percent m/m, while the headline rate is likely to have increased more sharply, thanks to an additional contribution from energy prices. Nevertheless, this is still likely to leave the annual pace easing slightly because of a bigger increase a year ago.

Lastly, headline retail sales, meanwhile, are expected to have been weighed down by weaker auto sales, but core spending could well improve on the 0.4 percent m/m gain seen in December.

Meanwhile, the S&P 500 Futures rose 0.40 percent to 2,672.50 by 10:55GMT, while at 10:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 10.97 (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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