Treasury yields tick lower as investors monitor US – China trade
Traders are closely following trade relations between the U.S. and China. This is after Presidentannounced Sunday an increase in current tariffs of 10% on $200 billion of Chinese goods to 25% on Friday. In a Twitter post, he also threatened to impose an extra 25% levies on an additional $325 billion of Chinese goods "shortly".
Chinese Vice Premier Liu He is expected to join a delegation in the United States this week, raising hopes of a trade agreement despite the latest round of duties. On the data front, there is job openings and labor turnover survey due at 10 a.m. ET; and consumer credit numbers due at 3 p.m. ET.Meanwhile, Dallas Fed President Robert Kaplan and Fed Vice Chair Randal Quarles will speak at 7 a.m. ET and 11.35 a.m. ET, respectively.
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