U.S. government debt prices were higher Tuesday morning, amid signs of progress in the latest round of trade talks between the world’s two largest economies.
At around 05:00 a.m. ET, the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 1.8279%, while the yield on the 30-year Treasury bond was also lower at around 2.3141%.
President Donald Trump said Monday that he expected to sign a significant part of the trade deal with China ahead of schedule. The prospect of Washington extending certain tariff exclusions on $34 billion worth of Chinese imports also boosted market sentiment.
The U.S. and China secured a limited trade deal earlier this month, in an attempt to end a protracted dispute that has battered financial markets and hammered global growth.
On the data front, the S&P CoreLogic Case-Shiller national home price index for August will be released at 09:00 a.m. ET.
Pending home sales for September, consumer confidence for October, third-quarter housing vacancies and Dallas Fed services for October will all be released slightly later in the session.
There are no major Treasury bond auctions on Tuesday.