Japan Services Sector Records Fastest Growth in Nearly a Year as Private Activity Accelerates 
Indian Rupee Strengthens Sharply After U.S.-India Trade Deal Announcement 
Oil Prices Climb as Middle East Tensions and U.S. Inventory Data Boost Market Sentiment 
Japan’s Agricultural, Forestry and Fishery Exports Hit Record High in 2025 Despite Tariffs 
India Services Sector Rebounds in January as New Business Gains Momentum: HSBC PMI Shows Growth 
Asian Currencies Trade Sideways as Dollar Stabilizes, Yen Weakens Ahead of Japan Election 
Taiwan Urges Stronger Trade Ties With Fellow Democracies, Rejects Economic Dependence on China 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
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
