U.S. Treasuries suffer ahead of initial jobless claims amid muted trading session

The U.S. Treasuries lost ground Thursday, as investors wait to watch the country’s initial jobless claims, scheduled to be released today by 12:30GMT.

The yield on the benchmark 10-year Treasuries jumped 2 basis points to 2.99 percent, the super-long 30-year bond yields also surged 2 basis points to 3.15 percent and the yield on the short-term 2-year traded nearly 2 basis points higher at 2.52 percent by 11:10GMT.

No showstoppers on the US data-front today, with the Federal Reserve’s Q1 flow of funds, April consumer credit figures, and the usual weekly jobless claims numbers on the docket.

Meanwhile, the S&P 500 Futures rose 0.15 percent to 2,776.50 by 11:15GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -44.72 (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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