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The U.S. Treasury yields jumped during Thursday’s afternoon session, ahead of the country’s gross domestic product (GDP) for the first quarter of this year, scheduled to be released today by 12:30GMT, besides, the initial jobless claims and FOMC member Clarida’s speech, also due later in the day.
The yield on the benchmark 10-year Treasury yield jumped 2-1/2 basis points to 2.262 percent, the super-long 30-year bond yields gained nearly 1-1/2 basis points to 2.685 percent and the yield on the short-term 2-year surged 2-1/2 basis points to 2.105 percent by 11:30GMT.
The country’s Q1 GDP is expected to remain little changed from the initial estimate of 3.1 percent q/q annualised. But perhaps of more interest will be the latest monthly advance goods trade and inventories data for April, which will provide insight into developments at the start of Q2, Daiwa Capital Markets reported.
Meanwhile, the S&P 500 Futures traded tad 0.27 percent higher at 2,787.38 by 11:35GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 27.22 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
