Asian Currencies Hold Steady as US Dollar Nears Seven-Week Low Ahead of Key Jobs Data 
China Trade Surplus Beats Forecasts in July as Exports Stay Strong 
Philippine GDP Growth Slows to 2.3% in Q2 
US Stock Futures Rise as Markets Await July Payrolls Data 
UK Services PMI Returns to Growth in July as New Orders and Confidence Rebound 
German Bund Yields Hit Three-Week Low as Energy Prices Ease and ECB Outlook Softens 
Wall Street Ends Mixed as Dow Hits Record Despite Tech Weakness 
The U.S. Treasuries jumped Wednesday as investors look forward to the 10-year note auction, due to be held late in the day. Also, the country’s consumer price inflation for the month of April, scheduled to be released on May 12 will provide further direction to the debt market.
The yield on the benchmark 10-year Treasury slumped 3 basis points to 2.37 percent, the super-long 30-year bond yields also plunged 3 basis points to 3.01 percent and the yield on short-term 2-year note also traded 1-1/2 basis points lower at 1.34 percent by 12:00GMT.
Market perception that fading political risks in Europe after centrist Emmanuel Macron won the French Presidential elections will likely open the way for the ECB to scale back its monetary stimulus, continued to weigh on core euro area sovereign bonds.
In a similar note, US Treasury bond yields were standing not far from recent multi-week highs on the back of growing expectations for higher Fed interest rates in the coming months and a cramped calendar of corporate bond issues. In FX markets, the DXY was weaker on a daily basis on news that the FBI Director had been fired.
Meanwhile, the S&P 500 Futures traded 0.10 percent lower at 2,390.75 by 12:00GMT, and the FxWirePro's Hourly Dollar Strength Index remained neutral at 26.95 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
