The U.S. Treasuries fell Friday ahead of the country’s non-farm payrolls data and unemployment rate for the month of September, scheduled to be released today by 12:30GMT respectively. Also, FOMC member Bostic is due to deliver a speech by 16:40GMT, which shall add further direction in the debt market.
The yield on the benchmark 10-year Treasuries rose 1 basis point to 3.206 percent, the super-long 30-year bond yields also climbed 1 basis point to 3.365 percent and the yield on the short-term 2-year traded 1/2 basis point higher at 2.885 percent by 10:20GMT.
All eyes today will be on the September labour market report. Following the non-manufacturing ISM showed the employment component rising to a record high earlier in the week and a decent ADP employment showing, expectations are for another solid increase in non-farm payrolls circa 185k, which could see the unemployment rate return to its cyclical low of 3.8 percent.
And, after last month’s upside surprise, there will be great interest in developments in average hourly earnings (a high base effect will likely see a temporary decline in annual wage inflation from the 2.9 percent y/y growth recorded in August). The impact of Hurricane Florence represents an additional source of uncertainty. The full trade report for August, which will show a widening in the deficit as flagged by the preliminary goods figures, and consumer credit data for August will also be released, Daiwa Capital Markets reported.
Meanwhile, the S&P 500 Futures traded 0.03 percent lower at 2,907.25 by 10:45GMT, while at 10:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 21.86 (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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