Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
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The U.S. Treasuries plunged Thursday, after a streak of gains, as investors wait to watch the country’s initial jobless claims, scheduled to be released today by 12:30GMT. Also, Federal Open Market Committee (FOMC) members Bostic and Brainard are scheduled to deliver their speeches today by 16:30GMT and 17:00GMT respectively, which will provide further direction to the debt market.
The yield on the benchmark 10-year Treasuries jumped 2-1/2 basis points to 2.86 percent, the super-long 30-year bond yields rose 1 basis point to 3.02 percent and the yield on the short-term 2-year traded nearly 1-1/2 basis points higher at 2.42 percent by 10:40GMT.
In the US, personal income and spending data for April, which include monthly PCE deflators are the most important data release. Core PCE deflator will probably advance only marginally and that should leave its annual pace moderating after an increase to 1.9 percent y/y in the previous month.
Meanwhile, the S&P 500 Futures slipped 0.05 percent to 2,723.75 by 10:40GMT, while at 10:00GMT, the FxWirePro's Hourly Dollar Strength Index remained slightly bearish at -90.30 (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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