BI likely to lower policy rate by 25bp to support growth amid increasingly fragile global economy, says Scotiabank
U.S. Treasuries slip ahead of host of FOMC members’ speeches
The U.S. Treasuries slipped slightly during Friday’s afternoon session ahead of a host of speeches by members of the Federal Open Market Committee (FOMC) – Williams and Rosengren, scheduled to be delivered today by 12:15GMT and 15:20GMT respectively.
The yield on the benchmark 10-year Treasury yield edged nearly 1 basis point up to 1.782 percent, the super-long 30-year bond yield also gained 1 percent to 2.221 percent and the yield on the short-term 2-year too traded 1 basis point higher to 1.751 percent by 11:55GMT.
After US stocks moved broadly sideways yesterday (the S&P500 closed unchanged on the day), a number of Asian-Pacific markets also trod water today. Japan’s main indices were a case in point, with the Topix closing unchanged on the day as August inflation data predictably showed little signs of life, Daiwa Capital Markets reported.
Further, A quieter end to the week for US economic data releases will see the Fed publish the latest financial accounts figures for Q2, the report added.
Meanwhile, the S&P 500 Futures remained tad 0.15 percent up at 3,012.38 by 12:00GMT.