U.S. Treasuries climb in muted session amid trade negotiations with Canada, Mexico

The U.S. Treasuries climbed Friday before ending the trading week with the final University of Michigan consumer confidence survey results for August and Chicago PMI. On the preliminary results, the headline Michigan consumer sentiment index fell a larger-than-expected 2.6pts to an eleven-month low of 95.3.

The yield on the benchmark 10-year Treasuries fell 1-1/2 basis point to 2.846 percent, the super-long 30-year bond yields also slipped nearly 1-1/2 basis points to 2.995 percent and the yield on the short-term 2-year traded close to 1 basis point lower at 2.645 percent by 10:55GMT.

The majority of global equity markets were under renewed pressure in early trade on Friday and core government bonds retained a positive tone amid heightened fears over a further deterioration in the trade dispute between the US and China, Eurobank Economic Analysis & Financial Markets Research reported.

According to newswires, United States President Donald Trump is ready to impose tariffs on an additional USD200 billion of imports from China as soon as next week, when a public hearing period on the proposed levy ends, the report added.

Meanwhile, the S&P 500 Futures traded 0.16 percent lower at 2,897.50 by 11:05GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 6.50 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex