U.S. government debt prices ticked higher Friday morning as tensions over a simmering trade war continue to dominate investor sentiment.
Market focus is largely attuned to an escalating trade war between the U.S. and China. This after
's bid to block Huawei from buying American technology ratcheted up tensions. China's ruling Communist Party's newspaper struck a defiant tone Friday, insisting the trade war will only make China stronger.A number of Fed speeches are also scheduled for Friday. At 10:00 a.m. ET, Fed Vice Chair Richard Clarida will be speaking on the Fed's review of its monetary policy strategy, followed by New York Fed President John Williams' speech in New York at 11:15 a.m.
On the auctions front, the Treasury is set to auction a 13-week and a 26-week bill worth $36 billion each, and a 52-week bill worth $26 billion.
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