RBNZ likely to leave OCR on hold at 1.00 pct next week, leave door open to further cuts: ANZ Research
Yuan exchange rate likely to be defended by Chinese regulators as long as trade talks continue, says Scotiabank
Australian bonds mixed ahead of August employment report amid geopolitical tensions in the Middle East
BoE likely to maintain guidance for gradually higher rates as long as Brexit has not been clarified, says DNB Markets
U.S. Treasuries narrowly mixed ahead of initial jobless claims, 30-year auction
The U.S. Treasuries remained narrowly mixed during Thursday’s afternoon session ahead of the country’s initial jobless claims and super-long 30-year auction, both scheduled to be released today by 12:30GMT and 17:00GMT respectively.
Also, the Jackson Hole Symposium, set to kickstart later today, will provide further direction to the debt market.
The yield on the benchmark 10-year Treasury yield hovered around 1.581 percent, the super-long 30-year bond yields surged 1-1/2 basis points to 2.067 percent and the yield on the short-term 2-year slipped nearly 1 basis point to 1.561 percent by 10:25GMT.
European bourses have opened in a modest tone with investors anticipating Germany’s PMI data due later within the day, following the German GDP contraction by 0.1 percent q/q in Q22019. In FX markets, at the time of writing the EUR/USD and the GBP/USD are hovering around 1.1106 and 1.2145 respectively with the British Pound having slid earlier by ca 0.3 percent, after German Chancellor Angela Merkel’s challenged yesterday UK’s Prime Minister Boris Johnson to find a solution within 30 days in order to avoid a no-deal Brexit, Eurobank Economic Analysis & Financial Markets Research.
Today’s attention will be paid on the latter’s meeting with France’s President Emmanuel Macron along with the political developments in Italy, where following Prime Minister Giuseppe Conte’s resignation on Tuesday, Italy’s Head of State Sergio Mattarella mediates for a new coalition government in the country so as early elections to be avoided, the report added.
Meanwhile, the S&P 500 Futures traded tad lower at 2,924.88 by 10:30GMT.