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U.S. Treasury yields move lower as investors monitor economic data, auctions

Story Highlights
  • At around 5:00 a.m. ET, the yield on the benchmark 10-year Treasury note was lower at 0.6968%, while the yield on the 30-year Treasury bond was also lower at 1.4459%. Yields move inversely to prices.
  • It comes as investors closely monitor U.S.-China tensions and looked to whether tech shares could recover from their recent downturn.

U.S. government debt prices were higher on Tuesday morning, as investors awaited a fresh batch of economic data and a slew of Treasury auctions after the long Labor Day weekend.

US3MU.S. 3 Month Treasury0.1190.0070.00
US1YU.S. 1 Year Treasury0.140.0110.00
US2YU.S. 2 Year Treasury0.143-0.0080.00
US5YU.S. 5 Year Treasury0.283-0.0220.00
US10YU.S. 10 Year Treasury0.695-0.0280.00
US30YU.S. 30 Year Treasury1.443-0.0280.00

At around 5:00 a.m. ET, the yield on the benchmark 10-year Treasury note was lower at 0.6968%, while the yield on the 30-year Treasury security was likewise lower at 1.4459%. Yields move conversely to costs.

It comes as financial specialists intently screen U.S.- China pressures and looked to whether tech offers could recoup from their ongoing slump.

On Monday, President Donald Trump again raised isolating the world’s two biggest economies, asserting the U.S. would not miss out monetarily if the nation quit working with China.

His remarks followed the conceivable U.S. boycotting of China’s biggest chipmaker, Semiconductor Manufacturing International Corp (SMIC). Portions of the organization plunged over 23% on Monday in light of the news.

Chinese Foreign Ministry representative Zhao Lijian reacted to blame the Trump organization for “obtrusive authority,” including Beijing was “solidly restricted” to such activities.

On the information front, the NFIB overview will be delivered at around 6 a.m. ET. The Census Bureau’s most recent quarterly budgetary report and shopper credit information for July are both booked to follow later in the meeting.

The U.S. Depository will sell $54 billion out of 13-week bills, $51 billion out of 26-week bills, and $34 billion of every 52-week bills on Tuesday. It will likewise sell off $30 billion out of 119-day bills, $30 billion out of 42-day bills, and $50 billion out of three-year notes.

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