U.S. Treasuries tad higher ahead of 5-year note auction, Trump-Juncker meeting

The U.S. Treasuries remained tad higher as investors wait to watch the country’s 5-year bond auction, scheduled to be held today by 17:00GMT, besides, the meeting between President Donald Trump and European Commission President Claude Juncker, later in the day.

The yield on the benchmark 10-year Treasuries slipped nearly 1 basis point to 2.94 percent, the super-long 30-year bond yields also slid close to 1 basis point to 3.06 percent and the yield on the short-term 2-year too traded nearly 1 basis point lower at 2.64 percent by 11:10GMT.

Investors have adopted a cautious tone ahead of today’s talks in Washington between EC President Jean-Claude Juncker and US President Donald Trump in an attempt to de-escalate trade tensions on tariffs.

Markets will receive more data from the US housing market – the new home sales data are due for release. Existing home sales figures at the start of the week came in weaker than expected, recording a third consecutive monthly decline, this time by 0.6 percent m/m, with faltering transaction levels seemingly the result of a lack of new supply on the market, Daiwa Capital Markets reported.

Meanwhile, the S&P 500 Futures remained 0.12 percent lower at 2,817.25 by 11:15GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -68.49 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex