The U.S. Treasuries gained Monday as investors look forward to a host of speeches from the Federal Open Market Committee (FOMC) members, scheduled for later today and through the week. Also, 10-year note auction, due to be held on may 10 will provide further direction to the debt market.
The yield on the benchmark 10-year Treasury slumped 1-1/2 basis points to 2.33 percent, the super-long 30-year bond yields plunged 2 basis points to 2.97 percent and the yield on short-term 2-year note traded 1/2 basis point lower at 1.31 percent by 12:10GMT.
Lastly, the country’s initial jobless claims and the consumer price inflation for the month of April, lined up for later in the week will play a significant role in deciding the movement in the country’s money market.
Meanwhile, the S&P 500 Futures traded 0.11 percent lower at 2,395.00 by 12:10GMT, while at 12:00GMT, the FxWirePro's Hourly Dollar Strength Index remained slightly bullish at 76.63 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
