U.S. Treasuries trade nearly flat ahead of initial jobless claims, FOMC member Kashkari’s speech

The U.S. Treasuries traded nearly flat Thursday as investors wait to watch the country’s initial jobless claims data, scheduled to be released today 12:30GMT respectively. To add to that, the 30-year auction and the Federal Open Market Committee (FOMC) member Neel Kashkari’s speech, due later in the day will add further direction to the debt market.

The yield on the benchmark 10-year Treasuries slipped 1/2 basis point to 2.78 percent, the super-long 30-year bond yields remained hovered around 3.00 percent and the yield on the short-term 2-year traded tad higher at 2.31 percent by 10:50GMT.

 In the US, after the March PPI and CPI data releases earlier this week, today we will receive more inflation indicators in the form of import and export price indices. The usual weekly jobless claims data are also due for release.

Meanwhile, the S&P 500 Futures rose 0.50 percent to 2,654.00 by 10:55GMT, while at 10:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -63.35 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex

Lastly, FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest