U.S. Treasuries jump ahead of February consumer confidence, FOMC members’ speeches

The U.S. Treasuries jumped during Tuesday’s afternoon session ahead of the country’s Consumer Board consumer confidence for the month of February, scheduled to be released today by 15:00GMT, besides, the 2-year auction, also due to be held today by 18:00GMT.

Also, speeches by FOMC members, Kaplan and Clarida, awaiting to be delivered later today, shall add further direction to the debt market.

The yield on the benchmark 10-year Treasury yield lost 2 basis points to 1.357 percent, the super-long 30-year bond yield fell nearly 1-1/2 basis points to trade at 1.824 percent and the yield on the short-term 2-year suffered 2 basis points at 1.245 percent by 13:40GMT.

In the US, today will bring the Conference Board’s consumer confidence survey for February, along with the FHFA and S&P Corelogic home prices indices for December. The Fed’s Vice Chair Clarida will speak at the NABE’s annual conference on the US economic outlook and monetary policy, while in the markets the Treasury will sell 2Y notes, Daiwa Capital Markets reported.

Friday’s release of advance goods trade and inventories figures for January will also provide an update on economic activity at the start of the year, while personal income and spending data, including the monthly deflators, for the same month will also be closely watched, the report added.

Meanwhile, the S&P 500 Futures traded tad 0.41 percent higher at 3,239.12 by 13:45GMT.