U.S. Treasuries climb as investors await host of FOMC members’ speeches amid quiet trading day

The U.S Treasuries climbed Monday as investors wait to watch a host of speeches from the Federal Open Market Committee (FOMC), due later today and throughout this week.

The yield on the benchmark 10-year Treasuries slumped 1-1/2 basis points to 2.90 percent, the super-long 30-year bond yields slid nearly 1 basis point to 3.04 percent and the yield on the short-term 2-year also traded nearly 1 basis point lower at 2.54 percent by 12:05GMT.

In the US, the focus in the early part of the coming week will be on the housing market, beginning with the June NAHB housing index today and May housing starts and permits tomorrow. The existing home sales report for May follows on Wednesday. On Thursday, the Philadelphia Fed will publish its manufacturing survey for June and the Conference Board’s leading index for May will also be released.

A relatively quiet week for US data concludes on Friday with the flash Markit manufacturing and service sector PMIs for June, which generally attract much less market attention than their European counterparts. In the bond market the US Treasury will auction 30-year TIPS on Thursday.

Meanwhile, the S&P 500 Futures fell 0.69 percent to 2,765.25 by 12:30GMT, while at 12:00GMT, the FxWirePro's Hourly Dollar Strength Index remained highly bullish at 119.61 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex