U.S. Treasuries tad up as investors await Fed’s policy decision, post-meeting press conference

The U.S. Treasuries climbed during afternoon session Monday, amid a muted trading session that is scheduled to witness data of little economic significance. However, the latest Chicago Fed national activity and Dallas Fed manufacturing indices can be watched out for.

The yield on the benchmark 10-year Treasury yield rose 1-1/2 basis points to 2.469 percent, the super-long 30-year bond yields climbed nearly 2 basis points to 2.906 percent and the yield on the short-term 2-year traded tad higher at 2.337 percent by 11:40GMT.

Tomorrow brings the Conference Board’s consumer survey for March, housing starts and permits data for February, and the S&P/CoreLogic house price index for January. The full trade balance for January will be released on Wednesday while the ‘final’ estimate of Q4 GDP growth and the February pending home sales report will be the focus on Thursday.

And on Friday markets will receive personal spending data for January, along with the core PCE deflator for that month (personal income data for February will also be released). That day will also bring new home sales data for February, the final results of the University of Michigan’s consumer survey for March and the Chicago PMI for March, Daiwa Capital Markets reported.

In the bond market the US Treasury will auction 2-year notes on Tuesday, 2-year FRNs and 5-year notes on Wednesday and 7-year notes on Thursday. 

Meanwhile, the S&P 500 Futures edged tad lower to 2,803.12 by 11:45GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 20.78 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex