U.S. Treasuries surge as investors turn attention towards G-7 Summit; President Trump to deliver keynote speech

The U.S. Treasuries surged Friday, as investors wait to watch the G-7 summit in Quebec, Canada. President Donald Trump is scheduled to appear at the meeting, alongside other major leaders, including those who currently govern nations that Trump has inflicted tariffs upon.

The yield on the benchmark 10-year Treasuries slumped 3 basis points to 2.90 percent, the super-long 30-year bond yields suffered 2-1/2 basis points to 3.05 percent and the yield on the short-term 2-year traded nearly 4 basis points lower at 2.46 percent by 10:40GMT.

One aspect that's put investors on edge is a fresh tweet by Trump, who accused France and Canada of levying "massive tariffs" and establishing "non-monetary barriers." This came after French President Emmanuel Macron told reporters that while the U.S. incumbent may not mind being isolated, the other leaders could sign a six-country agreement if needs are, CNBC reported.

Further, any developments surrounding talks between the U.S. and North Korea will continue to keep investors on edge, as a summit between the two nations draws closer.

Elsewise, it should be a quiet day for new economic data from the US with just wholesale trade and inventories figures for April due.

Meanwhile, the S&P 500 Futures slipped 0.59 percent to 2,756.00 by 10:50GMT, while at 10:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -43.42 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex

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