The U.S. Treasuries suffered during afternoon session Friday, ahead of the country’s personal consumption expenditure for the month of January, scheduled to be released today by 12:30GMT. Further, FOMC members Williams, Kaplan and Quarles are also scheduled to deliver their respective speeches later in the day.
The yield on the benchmark 10-year Treasury yield jumped nearly 3 basis points to 2.417 percent, the super-long 30-year bond yields surged 2-1/2 basis points to 2.836 percent and the yield on the short-term 2-year traded 3-1/2 basis points higher at 2.266 percent by 11:50GMT.
Today will bring data for personal spending in January – which seems unlikely to fully reverse the 0.5 percent m/m drop in December – along with the core PCE deflator for that month and personal income data for February, Daiwa Capital Markets reported.
New home sales data for February, the final results of the University of Michigan’s consumer survey for March and the Chicago PMI for March are also due.
Meanwhile, the S&P 500 Futures edged tad lower to 2,818.12 by 11:55GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 69.28 (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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