U.S. Treasuries gain ahead of October manufacturing PMI, 5-year auction, FOMC speeches

The U.S. Treasuries jumped Wednesday ahead of the country’s manufacturing PMI for the month of October and the 5-year auction, both scheduled for today at 19:15GMT and 22:30GMT. Also, FOMC members Bullard, Bostic and Mester are scheduled to deliver their speeches today by 21:00GMT, 22:30GMT and 22:40GMT respectively.

The yield on the benchmark 10-year Treasuries plunged 3-1/2 basis points to 3.132 percent, the super-long 30-year bond yields slumped 2-1/2 basis points to 3.339 percent and the yield on the short-term 2-year too traded 2-1/2 basis points lower at 2.867 percent by 10:45GMT.

In the US, the Beige Book will provide updated evidence on economic activity from the regional Fed offices, while today’s other notable economic data releases – the FHFA Home Price index and new Home Sales – will focus on the residential property market.

Meanwhile, the S&P 500 Futures traded 0.62 percent lower at 2,729.50 by 10:50GMT, while at 10:00GMT, the FxWirePro's Hourly Dollar Strength Index remained highly bullish at 100.06 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex