U.S. Treasuries nearly flat ahead of 5-year auction, investors eye Q4 GDP

The U.S. 10-year Treasuries traded nearly flat Wednesday ahead of the 5-year auction scheduled for later in the day. Also, investors remain keen to focus on the upcoming fourth quarter gross domestic product (GDP), scheduled to be released on Friday.

The yield on the benchmark 10-year Treasury traded flat at 2.46 percent, the super-long 30-year bond yield also remained steady at 3.05 percent and the yield on short-term 2-year traded at 1.22 percent by 12:30 GMT.

However, the clear focus of the day will remain on the Trump administration and the executive orders signed, promoting the construction of the Keystone XL and Dakota Access pipelines.

Lastly, in terms of economic data, market participants remain awaited on a host of key economic events, including manufacturing PMI and existing home sales, besides, the fourth quarter GDP scheduled by end of this week.

Meanwhile, the S&P 500 Futures traded 7.00 points or 0.31 percent higher at 2,281.50 by 12:30GMT, while at 12:00GMT, the FxWirePro's Hourly Dollar Strength Index remained slightly bearish at -78.66 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex