U.S. Treasuries jump ahead of initial jobless claims, FOMC member Kashkari’s speech

The U.S. Treasuries jumped Thursday ahead of the country’s initial jobless claims, scheduled to be released today by 12:30GMT. Also, investors will look forward to FOMC member Neel Kashkari’s speech and the 7-year note auction, due today by 14:30GMT and 17:00GMT respectively.

The yield on the benchmark 10-year Treasury slumped nearly 3 basis points to 2.42 percent, the super-long 30-year bond yields also plunged nearly 3 basis points to 2.93 percent and the yield on short-term 2-year note traded nearly 1 basis point lower at 1.59 percent by 11:05GMT.

In the US, the September goods trade report and wholesale inventory figures are due. The trade report is likely to show that the deficit widened due to a rebound in non-petroleum goods imports and an increase in crude oil prices. Pending homes sales and initial jobless claims data should be worth watching too.

Meanwhile, the S&P 500 Futures traded 0.06 percent higher at 2,560.50 by 11:10GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -14.02 (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