U.S. Treasuries remain steady ahead of 7-year auction, initial jobless claims

The U.S. Treasuries steadied during Thursday’s afternoon session ahead of today’s 7-year auction, scheduled to be held today at 17:00GMT. Investors will also be tracking the country’s initial jobless claims, also due for today at 12:30GMT, which shall provide further direction to the debt market, besides, the Treasury Department’s report, due for release later in the day.

The yield on the benchmark 10-year Treasury yield hovered around 2.525 percent, the super-long 30-year bond yields remained tad higher at 2.948 percent and the yield on the short-term 2-year edged tad lower to 2.312 percent by 11:15GMT.

The latest weekly jobless claims data are due alongside preliminary March durable goods order figures. The slowing in the manufacturing sector seen over recent months is likely to weigh on core orders, while possible cancellations of Boeing orders after the Ethiopian Air disaster pose an additional downside risk to the total figure, Daiwa Capital Markets reported.

Meanwhile, the S&P 500 Futures remained flat at 2,937.38 by 11:20GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 60.21 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex