Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

U.S. Treasuries rally on Fed Chair Powell’s patient outlook on interest rates; December CPI data in focus

The U.S. Treasuries rallied during late afternoon session Friday ahead of the country’s consumer price inflation data for the month of December, scheduled to be released today by 13:30GMT.

Also FOMC Chair Jerome Powell’s speech, delivered late yesterday, focussed away from tightening in the coming months and that he is 'very worried' about the state of mounting U.S. debt.

The yield on the benchmark 10-year Treasuries slumped 2 basis points to 2.711 percent, the super-long 30-year bond yields edged nearly 1 basis point lower to 3.043 percent and the yield on the short-term 2-year also suffered 2 basis points to 2.545 percent by 11:40GMT.

The United States’ CPI is expected to have declined 0.1 percent m/m to leave the annual rate down 0.3ppt at 1.9 percent y/y. However, that is likely due to a drop in fuel prices, so that core CPI is expected to rise 0.2 percent for the third successive month to leave the annual core rate unchanged at 2.2 percent y/y for the fourth month out of the past five, Daiwa Capital Markets reported.

The release of the Treasury’s monthly budget statement, however, has been postponed due to the government shutdown.    

Meanwhile, the S&P 500 Futures slipped 0.15 percent to 2,590.38 by 11:45GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained highly bearish at -118.438 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

2019-04-22 00:49:44
0m

April 19 12:30 UTC Released

USHouse Starts MM: Change

Actual

-0.3 %

Forecast

Previous

-8.7 %

April 19 12:30 UTC Released

USHousing Starts Number MM

Actual

1.139 Mln

Forecast

1.23 Mln

Previous

1.162 Mln

January 31 00:00 UTC 642378642378m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 642378642378m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 654198654198m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 642378642378m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 654198654198m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 642378642378m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 642378642378m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 642378642378m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.