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The U.S. Treasury yields remained narrowly mixed during European session Monday amid a light economic diary this week. However, later today, markets are scheduled to receive the February factory orders, followed by the JOLTS labour market data for February and the NFIB small business survey for March.
The yield on the benchmark 10-year Treasury yield remained tad higher at 2.503 percent, the super-long 30-year bond yields remained flat at 2.913 percent and the yield on the short-term 2-year traded tad lower at 2.341 percent by 11:40GMT.
Wednesday’s highlights, however, will be more closely watched, with the focus set to be on the CPI report for March and the minutes from last month’s FOMC meeting, Daiwa Capital Markets reported.
The PPI report for March will follow on Thursday, while the week will conclude on Friday with the preliminary results of the University of Michigan’s consumer survey for April and import prices for March.
Lastly, the US Treasury will auction 3-year notes tomorrow, 10-year notes on Wednesday and 30-year bonds on Thursday, the report added.
Meanwhile, the S&P 500 Futures edged tad lower to 2,893.62 by 11:45GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 2.88 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
