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U.S. Treasuries flat ahead of 5-year auction, Fed Chair Yellen’s speech

The U.S. Treasuries flat as investors await the Federal Open Market Committee (FOMC) Chair Janet Yellen’s speech, scheduled to be held today by 16:45GMT, besides, the 5-year auction, due on September 27 by 17:00GMT.

The yield on the benchmark 10-year Treasury hovered around 2.22 percent, the super-long 30-year bond yields flat at 2.75 percent and the yield on short-term 2-year note traded tad higher at 1.43 percent by 10:55GMT.

Today’s main event will be Janet Yellen’s speech on ‘Inflation, Uncertainty and Monetary Policy’ at the NABE conference in Ohio, although whether she will offer further insights to those provided in her press conference last week remains to be seen.

Remarks on the US economic outlook and monetary policy by new Atlanta Fed President Bostic will also be watched for insights into where he sits on the spectrum of FOMC views. Data-wise, today will bring the September Conference Board consumer confidence indices along with August new home sales and July S&P CoreLogic Case-Shiller home price data.

Meanwhile, the S&P 500 Futures traded nearly flat at 2,495.75 by 10:55GMT, while at 10:00GMT, the FxWirePro's Hourly Dollar Strength Index remained slightly bullish at 86.52 (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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