U.S. Treasuries remain narrowly mixed in muted trading session ahead of existing home sales data

The U.S. Treasuries remained narrowly mixed Monday amid a silent trading day that witnessed data of little economic significance. However, today’s existing home sales for the month of March, due at 14:00GMT may add some direction to the financial markets.

The yield on the benchmark 10-year Treasury yield rose 1-1/2 basis points to 2.572 percent, the super-long 30-year bond yields also surged 1-1/2 basis points to 2.973 percent while the yield on the short-term 2-year traded nearly 1 basis point lower at 2.378 percent by 11:15GMT.

Oil prices surged earlier today on press reports conveying that, as of May 2, the US will no longer grant sanctions waivers to any country that is currently importing Iranian crude. Brent crude was 2.4 percent higher on the day at the time of writing, hitting a fresh year-to-date peak of $74.3 per barrel, Eurobank Economic Analysis & Financial Markets Research reported.

Following the Good Friday holiday, financial markets in many major EU countries will remain closed today for Easter Monday. In FX markets, the USD retained a firm tone supported by the US economy’s relative better performance compared to that of other major economies, the report added.

In terms of data releases, focus this week is on the advance estimate for Q1 US GDP on Thursday.

Meanwhile, the S&P 500 Futures edged tad lower to 2,902.88 by 11:20GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 42.34 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex