The U.S. Treasuries jumped during Thursday’s afternoon session ahead of the country’s weekly initial jobless claims, scheduled to be released today by 12:30GMT, besides, the ISM non-manufacturing PMI for the month of September, also due today by 14:00GMT.
In addition, a host of speeches by members of the Federal Open Market Committee (FOMC), namely, Quarles, Mester and Clarida, due to be delivered later through the day shall add further direction to the debt market.
The yield on the benchmark 10-year Treasury yield suffered 2 basis points to 1.577 percent, the super-long 30-year bond yield lost nearly 2-1/2 basis points to 2.066 percent and the yield on the short-term 2-year also fell 2 basis points to 1.464 percent by 12:10GMT.
Given the weakness in Tuesday’s manufacturing figures, today’s non-manufacturing ISM is likely to be closely watched for signs of a loss of momentum in the sector at the end of the third quarter, Daiwa Capital Markets reported.
Today will also bring factory orders figures for August, Challenger job cuts data for September and the weekly jobless claims numbers. In terms of Fed-speak, voting FOMC members Clarida, Evans and Quarles, as well as non-voting members Kaplan and Mester, are set to be in action, the report added.
Meanwhile, the S&P 500 Futures remained flat at 2,882.88 by 12:15GMT.


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