U.S. government debt prices were lower Tuesday morning, as investors monitored several events and awaited President Donald Trump's State of the Union speech.
Stronger-than-expected U.S. manufacturing data boosted investor sentiment on Monday, leading to lower bond prices.Overall, concerns over the impact of the coronavirus seemed to have dissipated slightly. Global stock markets are seeing a rebound after last week's sell-off.
Furthermore, bond investors are waiting for the results from Iowa caucuses, which were delayed late Monday night. The Democratic Party said there has been a "reporting issue."On the data front, there will be factory orders at 10 a.m. E.T. Former Federal Reserve Chair Janet Yellen and World Bank Group President David Malpass are due to speak at 9.30 a.m. ET.
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