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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.