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The U.S. Treasuries edged higher during Thursday’s afternoon session, ahead of the country’s gross domestic product (GDP) for the first quarter of this year, scheduled to be released today by 12:30GMT, besides, the weekly initial jobless claims and the 7-year Note auction, both due today by 12:30GMT and 17:00GMT respectively.
The yield on the benchmark 10-year Treasury yield slipped nearly 1 basis point to 2.042 percent, the super-long 30-year bond yields hovered tad lower at 2.560 percent and the yield on the short-term 2-year suffered nearly 2 basis points to 1.761 percent by 11:30GMT.
Markets will today see the final release of U.S. Q1 GDP data. Given adjustments that should broadly offset each other, this will likely make little change to the previous estimate of growth of 3.1 percent q/q annualised, although a slight downwards adjustment is expected, Daiwa Capital Markets reported.
May pending home sales figures and the usual weekly jobless claims numbers are also due today. In the bond markets, the Treasury will sell 7-year Notes, the report added.
Meanwhile, the S&P 500 Futures traded tad higher at 2,923.38 by 11:35GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -44.33 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
