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Treasury yields lower as investors focus on US-China trade deal

Treasury yields lower as investors focus on US-China trade deal

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Market players are following U.S.-China trade discussions, amid some concerns regarding plans to sign a trade deal in the coming weeks. President Donald Trump said Friday that he had not agreed to scrap tariffs on Chinese goods – His comments followed news earlier last week, from the Chinese commerce ministry saying that both sides had agreed to cancel existing tariffs in phases.

This trade uncertainty is boosting appetite for safer assets, such as U.S. Treasuries.

On the data front, the calendar is thin, with only the NFIB Survey due at 06:00 a.m. ET.

There are also a few Fed speeches scheduled for Tuesday. Fed Vice Chair Richard Clarida will speak at 05:30 a.m. ET and Philadelphia Fed President Patrick Harker is giving a speech in New York at 08:30 a.m. ET.

The Treasury is auctioning $87 billion in 12 and 26-week bills.


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