U.S. Treasuries tad lower ahead of FOMC policy meet, anticipations of higher CPI

The U.S. Treasuries remained flat Tuesday ahead of the Federal Open Market Committee’s (FOMC) monetary policy meeting, scheduled to be held on June 14. Also, expectations for a rise in the country’s CPI for the month of May, further added sluggishness to the debt market.

The yield on the benchmark 10-year Treasury, hovered around 2.22 percent, the super-long 30-year bond yields rose nearly 1 basis point to 2.87 percent and the yield on short-term 2-year note traded flat at 1.35 percent by 11:10GMT.

The majority of European bourses started Tuesday’s session on an improved tone recouping part of the previous session’s losses as the recent global sell-off in tech shares shows signs of easing. Fixed income safe havens were little changed ahead of the conclusion of this week’s two-day FOMC policy meeting on Wednesday.

Meanwhile, the S&P 500 Futures traded 0.15 percent higher at 2,430.00 by 11:30GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 25.29 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex