U.S. Treasuries gain ahead of October PPI, Fed Chair Powell’s testimony

The U.S. Treasuries gained during Thursday’s afternoon session ahead of the country’s producer price inflation (CPI) for the month of October, scheduled to be released today by 13:30GMT.

The yield on the benchmark 10-year Treasury yield suffered 2 basis points to 1.850 percent, the super-long 30-year bond yield also lost 2 basis points to 2.329 percent and the yield on the short-term 2-year traded tad down at 1.626 percent by 13:10GMT.

In addition, Federal Reserve Chair Jerome Powell is due to deliver a testimony today at 15:00GMT, besides, speeches by FOMC members Clarida, Williams and Bullard, all due later in the day, which shall provide further direction into the debt market.

Meanwhile, the S&P 500 Futures remained tad -0.16 percent down at 3,090.62 by 13:15GMT.