U.S. Treasuries silent ahead of FOMC members Evans, Williams’ speeches

The U.S. Treasuries remained silent on the end trading day of the week as investors wait to watch the Federal Open Market Committee’s (FOMC) members Evans and Williams deliver their speeches, later in the day, which shall add detailed insight into the bond market.

The yield on the benchmark 10-year Treasuries remained flat at 2.91 percent, the super-long 30-year bond yields hovered around 3.10 percent and the yield on the short-term 2-year too remained steady at 2.43 percent by 10:55GMT.

 Equity markets’ positive momentum that prevailed over the last few sessions vanished yesterday amid market concerns about waning demand for mobile-phone handsets. Favored by renewed risk aversion, US Treasuries gained some ground.

In FX markets, the U.S. dollar was little changed on the day while the GBP was weaker across the board following comments by Bank of England (BoE) Governor Mark Carney which raised uncertainty over the prospect of a rate hike at the Monetary Policy Committee’s (MPC) next meeting on May 10. 

Meanwhile, the S&P 500 Futures rose 0.10 percent to 2,695.75 by 10:55GMT, while at 10:00GMT, the FxWirePro's Hourly Dollar Strength Index remained highly bullish at 142.42 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex

Lastly, FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest