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The U.S. Treasury yields jumped on the last trading day of the week Friday ahead of today’s preliminary University of Michigan’s consumer confidence survey for April, scheduled for release at 14:00GMT.
Also, the country’s export-import price index for the month of March, due today at 12:30GMT shall add further direction to the debt market.
The yield on the benchmark 10-year Treasury yield jumped 3-1/2 basis points to 2.538 percent, the super-long 30-year bond yields climbed 2 basis points to 2.957 percent and the yield on the short-term 2-year remained 3 basis points higher at 2.387 percent by 11:50GMT.
While the headline sentiment index in March had fully reversed the sharp decline in January, the recent performance of equity markets might well prompt a further modest improvement this month, Daiwa Capital Markets reported.
Meanwhile, the S&P 500 Futures edged tad higher to 2,899.62 by 11:55GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained slightly bearish at -83.82 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
