U.S. Treasuries witness downward pressure amid continuous gains in equity, investors eye Q4 GDP

The U.S. 10-year Treasuries witnessed downward pressure across the curve amid continuous gains in equity indices and as investors moved away from safe-haven assets in invest in stocks and oil.

Also, markets remain keen to focus on the upcoming fourth quarter gross domestic product (GDP), scheduled to be released on Friday.

The yield on the benchmark 10-year Treasury climbed nearly 2 basis points to 2.54 percent, the super-long 30-year bond yield rose 1 basis point to 3.12 percent and the yield on short-term 2-year traded ½ basis point higher at 1.24 percent by 12:00 GMT.

Further, actions by the new Trump-led administration continued to dominate markets, particularly his executive order to expand the construction of a wall along the US border with Mexico.

Lastly, in terms of economic data, market participants remain awaited on a host of key economic events, including manufacturing PMI and existing home sales, besides, the fourth quarter GDP scheduled by end of this week.

Meanwhile, the S&P 500 Futures traded 1.00 point or 0.02 percent higher at 2,294.50 by 12:10GMT, while at 12:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -23.93 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex