U.S. government debt yields continued to fall on Thursday morning with traders awaiting monetary policy decisions from major central banks.
The European Central Bank (ECB) is set to announce its latest monetary policy decision Thursday, with some traders speculating that President Mario Draghi could revise the central bank’s guidance to signal a September rate cut.
The U.S. Federal Reserve’s Federal Open Markets Committee (FOMC) meets to decide interest rates next week, with many analysts pricing in a 25 basis point cut.
The U.S. Treasury is set to auction for $35 billion in four-week and $35 billion in eight-week bills on Thursday.
In terms of data, last week’s jobless claims figures are due at 8:30 a.m. ET, along with June’s durable goods and advance economic indicators. Second-quarter housing vacancies data is due at 10:00 a.m. ET while July’s Kansas City Fed survey is scheduled for 11:00 a.m. ET.
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