U.S. Treasuries gain ahead of October retail sales data, FOMC members’ speeches

The U.S. Treasuries gained during late afternoon session Thursday ahead of the country’s core retail sales for the month of October, scheduled to be released today by 13:30GMT.

Also, the Philly Fed manufacturing index for November will be released today by 13:30GMT, besides, speeches from FOMC members Quarles, Bostic and Kashkari and most importantly, Powell, which shall lend additional insight into the debt market.

The yield on the benchmark 10-year Treasuries fell nearly 2 basis points to 3.103 percent, the super-long 30-year bond yields slipped nearly 1 basis point to 3.347 percent and the yield on the short-term 2-year remained nearly 1-1/2 basis points lower at 2.850 percent by 10:55GMT.

Like in the UK, the US data focus today will be October retail sales, with expectations for a notable pickup at the start of Q4, underpinned by stronger vehicle sales and post-hurricane-related spending. This afternoon will also bring the Empire Manufacturing and Philly Fed indices for November, import price data for October and weekly jobless claims figures, Daiwa Capital Markets reported.

Meanwhile, the S&P 500 Futures traded 0.26 percent higher at 2,705.75 by 11:05GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -46.20 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex