U.S. Treasuries jump ahead of FOMC members’ speeches, ISM non-manufacturing PMI

The U.S. Treasuries jumped as investors await a host of FOMC member speeches later in the day. FOMC members Brainard, Kashkari, and Kaplan are scheduled to speak today by 11:30GMT, 17:10GMT and 23:00GMT respectively.

The yield on the benchmark 10-year Treasury slipped 1 basis point to 2.14 percent, the super-long 30-year bond yields flat at 2.77 percent and the yield on short-term 2-year note traded 2 basis points lower at 1.32 percent by 10:40GMT.

With US markets set to reopen after yesterday’s holiday, today will bring the first notable US data of the week with July factory orders data. The modest expected increase (about 0.5 percent m/m) in orders for nondurable goods would soften somewhat the impact of the substantive drop of more than 6-1/2 percent m/m in new orders for durable goods.

Nevertheless, that would still leave overall factory orders down 3 percent m/m or more. Meanwhile, voting FOMC members Brainard and Kashkari – both at the dovish end of the spectrum – are scheduled to speak publicly.

Meanwhile, the S&P 500 Futures traded 0.33 percent lower at 2,466.00 by 10:50GMT, while at 10:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -39.22 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest