KOSPI Rebounds 20% as Samsung, SK Hynix Lead South Korea Stock Rally 
Barclays Warns U.S. Stock Rally May Be Detached From Fundamentals 
Asian Currencies Edge Higher as Soft US Inflation Weighs on Dollar 
S&P 500 Hits Record High as Soft Inflation Data Eases Fed Rate Hike Fears 
China Automakers Accelerate Global Expansion as Domestic Car Sales Slump 
Japan Government Backs Earlier BOJ Rate Hike as Inflation Pressures Build 
Asian Currencies Steady as Dollar Holds Firm After U.S. Inflation Data 
Add as a preferred source on Google
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
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
