The U.S. Treasuries jumped Friday after President Donald Trump announced the replacement of his Chief Security Advisor HR McMaster, again leaving the U.S. administration in a cloud of shackles, a couple of days after the firing of the Secretary of State Rex Tillerson earlier this week.
This is also ahead of the country’s JOLTs job openings data for the month of January, due to be released today by 14:00GMT amid an otherwise silent trading session that is scheduled to witness data of little economic significance.
The yield on the benchmark 10-year Treasuries fell 1 basis point to 2.81 percent, the super-long 30-year bond yields plunged 2 basis points to 3.04 percent and the yield on the short-term 2-year traded steady at 2.28 percent by 10:50GMT.
Today’s focus in the US will be on industrial production and housing start figures for February. With employment having grown rapidly and business surveys remaining firm, the former is set to show a solid gain in manufacturing output.
But the latter is likely to decline after very strong gains in the multi-family category seen in the previous month. Also of note will be the flash University of Michigan consumer confidence survey for the current month.
Meanwhile, the S&P 500 Futures rose 0.05 percent to 2,757.50 by 10:55GMT, while at 10:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 37.67 (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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