U.S. Treasuries remain soft ahead of September employment report

The U.S. Treasuries remained soft Friday, as investors wait to watch the country’s September employment report, scheduled to be released today by 12:30GMT. Also, a couple of FOMC members’ speeches are due later today which will add further direction to the debt market.

The yield on the benchmark 10-year Treasury rose 1-1/2 basis points to 2.36 percent, the super-long 30-year bond yields climbed 1 basis point to 2.90 percent and the yield on short-term 2-year note also traded 1/2 basis point higher at 1.50 percent by 10:40MT.

The number of Americans filing for unemployment benefits fell more than expected last week, but Hurricanes Harvey and Irma continued to impact the data, making it difficult to get a clear picture of the labor market, according to Reuters.

Initial claims for state unemployment benefits dropped 12,000 to a seasonally adjusted 260,000 for the week ended Sept. 30, the Labor Department said on Thursday. Domestically, the House is expected to vote on its fiscal budget for 2018 on Thursday, which will keep the topic of tax reform up at the front of investors' minds.

Meanwhile, the S&P 500 Futures traded 0.04 percent lower at 2,549.00 by 10:45GMT, while at 10:00GMT, the FxWirePro's Hourly Dollar Strength Index remained slightly bullish at 98.92 (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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