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The U.S. Treasuries sharply rallied Friday as investors await a host of FOMC member speeches through the day; members George and Harker are scheduled to speak today at 00:15GMT and 12:45GMT respectively, which shall provide detailed insight into the debt market.
The yield on the benchmark 10-year Treasury slumped 2-1/2 basis points to 2.04 percent, the super-long 30-year bond yields plunged 2 basis points to 2.65 percent and the yield on short-term 2-year note traded 1-1/2 basis points lower at 1.26 percent by 10:45GMT.
It is set to be a relatively low-key end to the week for economic data in the US with consumer credit as well as wholesale sales and inventory data, all for July, scheduled for release. Obviously, the progress of Hurricane Irma will dominate attention.
Meanwhile, the S&P 500 Futures traded 0.38 percent lower at 2,457.50 by 10:50GMT, while at 10:00GMT, the FxWirePro's Hourly Dollar Strength Index remained slightly bearish at -88.04 (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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