U.S. government debt prices were lower Tuesday morning, as traders monitored global trade developments and looked ahead to fresh economic data.
At around 4:30 a.m. ET, the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 1.8212%, while the yield on the 30-year Treasury bond was also higher at around 2.3170%.were lower Tuesday morning, as traders monitored global trade developments and looked ahead to fresh economic data.At around 4:30 a.m. ET, the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 1.
Market focus remains attuned to trade discussions, with Reuters reporting on Monday that China is pushing U.S. President Donald Trump to remove more tariffs imposed in September as part of the much touted "phase one" trade deal between the two nations. Traders will also have eyes on a raft of economic data Tuesday morning. September balance of trade, import and export figures are due for release at 9:30 a.m. ET before November Redbook data at 9:55 a.m. ET.
Composite and services PMI numbers for October are expected at 10:45 a.m. ET, followed by non-manufacturing PMI and a host of other non-manufacturing figures at 11: a.m. ET.
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