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The U.S. Treasuries suffered during late afternoon session Wednesday ahead of today’s ADP non-farm employment change for the month of October, scheduled to be released today.
Besides, the most notable US data release tomorrow will be the Q3 employment cost index – the best guide to price pressures emanating from the labour market.
The yield on the benchmark 10-year Treasuries jumped 3 basis points to 3.14 percent, the super-long 30-year bond yields also climbed nearly 3 basis points to 3.383 percent and the yield on the short-term 2-year traded 2-1/2 basis points higher at 2.87 percent by 11:30GMT.
Against the backdrop of continued firm jobs growth, wages look set to have accelerated in Q3 after a below-average reading of 0.5 percent q/q in Q2. But growth in overall compensation might be reduced slightly by more modest growth in benefit payments.
Meanwhile, the S&P 500 Futures traded 0.67 percent higher at 2,703.25 by 11:35GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 10.39 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
