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The U.S. Treasuries jumped during Tuesday’s afternoon session, amid a relatively quiet day with the June vehicle sales the only notable new data release. However, Cleaveland Fed President Mester is also scheduled to speak publicly today at 15:00GMT ahead of the Independence Day holiday.
The yield on the benchmark 10-year Treasury yield slumped 2 basis points to 2.012 percent, the super-long 30-year bond yields suffered nearly 1-1/2 basis point to 2.544 percent and the yield on the short-term 2-year traded 2 basis points down at 1.767 percent by 11:40GMT.
Equity markets’ rally following the G20 meeting outcome for a truce in the US/China trade war came to a halt today amid renewed concerns over US trade policy. With investors remaining concerned that the US-China agreement for resumption of trade talks does not indicate that the likelihood of a final deal has necessarily increased, fixed income assets remained well supported, Eurobank Economic Analysis & Financial Markets Research reported.
Meanwhile, the S&P 500 Futures traded tad -0.11 percent lower at 2,964.62 by 11:45GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained slightly bullish at 94.40 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
