Market focus is largely attuned to selling in regional markets, after protesters forced Hong Kong's main airport to cancel all flights on Monday.
The protests, which first started in June to rally against an extradition bill to mainland China, have morphed into a democracy movement.
Alongside worries about the prospect of a drawn-out U.S.-China trade war, these fears drove investors away from riskier assets. The traditionally watched two-year and 10-year Treasury spread appears poised to invert any day now, with the curve at its flattest level since 2007. On Tuesday, the spread between two-year and 10-year Treasury yields narrowed to less than 6 basis points.
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