U.S. Treasuries tad higher as investors await initial jobless claims, Philly Fed manufacturing index

The U.S. Treasuries traded tad higher Thursday ahead of the country’s initial jobless claims and the Philadelphia Fed manufacturing index for the month of March, both scheduled to be released today by 12:30GMT respectively.

The yield on the benchmark 10-year Treasuries slid nearly 1 basis point to 2.81 percent, the super-long 30-year bond yields fell nearly 1-1/2 basis points to 3.04 percent and the yield on the short-term 2-year traded tad lower at 2.25 percent by 10:50GMT.

Following Tuesday’s CPI and yesterday’s PPI data releases, the February export/import prices indices will extend the flow of the latest US inflation indicators today. Meanwhile, the Empire Manufacturing and Philly Fed indices will provide up-to-date information on business conditions. Having declined sharply in the first two months of the year, the former is expected to edge higher. And while the latter might ease slightly, it would still remain elevated relative to its past values.

Meanwhile, the S&P 500 Futures rose 0.03 percent to 2,754.75 by 10:55GMT, while at 10:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -39.47 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex

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