U.S. Treasuries slump ahead of December JOLTs job openings data, host of FOMC speeches

The U.S. Treasury yields fell during late European session Tuesday as investors wait to watch the country’s JOLTs job openings data for the month of December and a host of speeches by Federal Open Market Committee (FOMC) members George and Mester, scheduled for 15:00GMT, 22:30GMT and 23:30GMT respectively.

The yield on the benchmark 10-year Treasury yield rose nearly 2 basis points to 2.679 percent, the super-long 30-year bond yields edged 1-1/2 basis points higher to 3.014 percent and the yield on the short-term 2-year too traded 1-1/2 basis points higher at 2.504 percent by 14:15GMT.

According to a number of US media reports, Republicans and Democrats in the US have reached a tentative agreement on the US budget dispute aiming to avert another government shutdown due to start on Saturday.

Further, White House adviser Kellyanne Conway announced that the US President wants to meet his Chinese counterpart “very soon” to strike a trade deal. The above positive developments boosted market appetite for risk taking, while core government bonds gave back some of their recent hefty gains.

Meanwhile, the S&P 500 Futures edged 0,73 percent higher to 2,727.88 by 14:20GMT, while at 14:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 43.11 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex