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The U.S. Treasuries traded range-bound Thursday ahead of the country’s initial jobless claims, scheduled to be released today by 12:30GMT. Also, the 10-year TIPS auction, due today at 17:0GMT and Federal Open Market Committee’s (FOMC) members Neel Kashkari and Robert Kaplan’s speech also scheduled for today at 14:45GMT and 17:30GMT respectively, will provide further insight into the debt market.
The yield on the benchmark 10-year Treasuries remained flat at 3.09 percent, the super-long 30-year bond yields hovered around 3.21 percent and the yield on the short-term 2-year steadied at 2.59 percent by 11:25GMT.
Treasury yields remained under upward pressure on Wednesday, with the 10-year yield rising to a new high of 3.10 percent. Even so, Wall Street still managed to recover some of Tuesday’s losses with the S&P500 closing with a 0.4 percent gain.
Today the dataflow in the US brings only the latest weekly jobless claims data, the Philadelphia Fed business outlook survey for May and the Conference Board leading indicator for April.
Meanwhile, the S&P 500 Futures slipped 0.16 percent to 2,718.75 by 11:30GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained slightly bullish at 87.54 (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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