The U.S. Treasuries flat Thursday as investors wait to watch the Federal Open Market Committee (FOMC) members Powell, Dudley and Bostic’s speeches, scheduled for later in the day. Also, the country’s initial jobless claims, due today by 12:30GMT will add further direction to the debt market.
The yield on the benchmark 10-year Treasury remained flat at 2.37 percent, the super-long 30-year bond yields hovered around 2.86 percent and the yield on short-term 2-year note also traded steady at 1.62 percent by 10:40GMT.
In the US, the data flow brings Q3 productivity figures. But the focus will be on political announcements, with House Republicans expected to unveil their tax reform bill later in the day and President Trump likely to reveal his nominee for the next Fed Chair - the announcement is scheduled for 3 pm local time.
Meanwhile, the S&P 500 Futures traded 0.12 percent lower at 2,571.50 by 10:45GMT, while at 10:00GMT, the FxWirePro's Hourly Dollar Strength Index remained slightly bearish at -80.61 (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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