‘They don’t have enough’ – schools in England are running food banks for families 
Narendra Modi’s economy isn’t booming for India’s unemployed youth 
Why is toddler milk so popular? Follow the money 
The idea that US interest rates will stay higher for longer is probably wrong 
Japan Posts 7.7% Growth in Machinery Orders 
The U.S. Treasuries remained lower Monday ahead of the Federal Open Market Committee’s (FOMC) members Bostic, Harker and Kashkari’s speech scheduled for today at 12:15GMT, 14:05GMT and 17:30GMT respectively.
The yield on the benchmark 10-year Treasuries rose 1 basis point to 3.07 percent, the super-long 30-year bond yields remained tad higher at 3.21 percent and the yield on the short-term 2-year traded 2 basis points higher at 2.57 percent by 10:50GMT.
Wednesday will bring the minutes from the April FOMC meeting, perhaps casting some light on prospects for next month’s meeting (although they will predate recent softer-than-expected wage and CPI reports). There are also several FOMC members scheduled to speak publicly throughout the week, starting with Bostic, Harker, and Kashkari today, and including Chairman Powell at the end of the week.
Data-wise, a mixed bag of releases kicks off with the Chicago Fed national activity index today and the Richmond Fed’s manufacturing survey tomorrow, followed by the flash May manufacturing and services PMI and April new home sales on Wednesday. On Thursday, the April existing home sales report will be the main focus along with the usual weekly claims data.
Lastly, the week concludes with the advance durable goods orders report for April and final University of Michigan consumer survey outcome for May. As far as the former is concerned, lower aircraft sales will likely weigh on headline orders. Of greater interest will be core capex orders, which have broadly tracked sideways in recent months following a solid lift in Q3 2017.
Meanwhile, the S&P 500 Futures rose 0.58 percent to 2,728.75 by 11:05GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 13.28 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
Lastly, FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
