U.S. Treasuries jump ahead of FOMC members’ speeches, September manufacturing PMI

The U.S. Treasuries jumped Friday as investors await the Federal Open Market Committee (FOMC) members George and Kaplan’s speech, scheduled to be held today by 13:30GMT and 17:30GMT respectively.

The yield on the benchmark 10-year Treasury slumped 3 basis points to 2.24 percent, the super-long 30-year bond yields plunged 2-1/2 basis points to 2.78 percent and the yield on short-term 2-year note traded 1-1/2 basis points lower at 1.43 percent by 10:50GMT.

It is set to be a quiet day in the US for economic news. Like in the euro area, preliminary September Markit PMIs are due. But unlike in Europe, these are considered as second-tier data. And while FOMC members Williams, George and Kaplan are all due to speak publicly, given the events at which they’re set to speak, it’s far from clear that the remarks will be influential from a market perspective.

Meanwhile, the S&P 500 Futures traded 0.11 percent lower at 2,498.25 by 10:50GMT, while at 10:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -55.66 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex

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