German inflation surprisingly accelerates in June on recovery in oil prices, likely to slowdown in H2 2020
U.S. Treasury yields remain flat in muted trading session ahead of FOMC member Evans’ speech
The U.S. Treasury yields remained flat on the first trading day of the week Monday amid a muted trading session that witnessed data of little economic significance. Also, later today, FOMC member Evans is scheduled to deliver a speech at 17:00GMT, which shall provide further guidance to the debt market.
The yield on the benchmark 10-year Treasury yield remained flat at 2.560 percent, the super-long 30-year bond yields hovered around 2.971 percent and the yield on the short-term 2-year too traded steady at 2.398 percent by 11:30GMT.
In the US, the data flow will begin later today with the NY Fed’s manufacturing survey for April, followed by the IP report for March and NAHB housing index for April tomorrow. On Wednesday the trade report and wholesale inventory data for February will be released, Daiwa Capital Markets reported.
Further light on Q1 GDP growth will be cast by Thursday’s retail sales data for March, while the preliminary PMI readings and Philadelphia Fed manufacturing survey for April are also released that day, as are the Conference Board’s leading index for March and the business inventory report for February.
The data flow will conclude on Friday with the housing starts and building permit reports for March. This week will also bring a small number of speeches from FOMC members and the release of the Fed’s latest Beige Book, concluding the Fed’s communication ahead of the monetary policy meeting on May 1, the report added.
Meanwhile, the S&P 500 Futures edged tad higher to 2,914.12 by 11:35GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -21.02 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex