The U.S. Treasuries steadied 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 Treasury hovered around 2.15 percent, the super-long 30-year bond yields tad higher at 2.75 percent and the yield on short-term 2-year note traded flat at 1.33 percent by 10:40GMT.
Data releases from both China and the US surprised positively prompting a renewed bout of risk appetite. With geopolitical tensions receding, for the time being, the USD moved higher with the DXY index hitting multi-session highs earlier today.
The US Treasury and German Bund yields were modestly higher on a daily basis, remaining still close to recent multi-month lows, probably on the back of market woes that political and/or geopolitical risks may come again to the fore in the near term. Looking at today’s calendar, the focus is on inflation data from the Eurozone and the US.
Meanwhile, the S&P 500 Futures traded 0.22 percent higher at 2,461.50 by 10:50GMT, while at 10:00GMT, the FxWirePro's Hourly Dollar Strength Index remained highly bearish at -157.48 (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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