U.S. Treasuries rise ahead of March JOLTS job openings data, FOMC member Quarles’ speech

The U.S. Treasuries rose during Tuesday’s afternoon session, ahead of the country’s JOLTS job openings data for the month of March, scheduled to be released today by 14:00GMT, besides, FOMC member Quarles’ speech, also due today at 15:35GMT and the short-term 3-year auction at 17:00GMT, which shall provide further direction to the debt market.

The yield on the benchmark 10-year Treasury yield slumped 2-1/2 basis points to 2.475 percent, the super-long 30-year bond yields suffered 2 basis points to 2.888 percent and the yield on the short-term 2-year traded 1-1/2 basis points to 2.292 percent by 11:15GMT.

With reports that Vice Premier Liu He will still visit Washington DC later this week for further trade negotiations, Chinese equities made early gains today having been hammered yesterday in the wake of President Trump’s threat to hike tariffs to 25 percent on all US imports from China, Daiwa Capital Markets reported.

Looking ahead, US equity futures are pointing lower today after the S&P500 closed down 0.45 percent yesterday, and the tone to European markets also appears relatively downbeat, not helped by some underwhelming German factory orders figures, the report added.

Meanwhile, the S&P 500 Futures remained 0.63 percent lower at 2,913.88 by 11:20GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 12.37 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex