U.S. Treasuries tad higher as investors eye 10-year note auction, FOMC member Barkin’s speech

The U.S. Treasuries remained slightly on the upside on Wednesday ahead of the 10-year Note auction and Federal Open Market Committee (FOMC) member Barkin’s speech, scheduled to be held today by 17:00GMT and 12:45GMT.

The yield on the benchmark 10-year Treasuries slipped 1/2 basis point to 2.96 percent, the super-long 30-year bond yields also remained tad lower at 3.11 percent and the yield on the short-term 2-year too traded 1/2 basis point lower at 2.67 percent by 10:40GMT.

Apart from the above releases, this week will also see the release of producer price index (PPI) data for the month of July, Chicago Fed President Evans’ speech and the 30-year bond auction, scheduled for August 9.

Post that, the week will end with the release of July consumer price inflation data, expected to remain unchanged from that in June.

Meanwhile, the S&P 500 Futures remained 0.03 percent higher at 2,860.50 by 10:45GMT, while at 10:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -43.0 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex