U.S. government debt prices were lower Thursday morning, as investors monitored US-China trade talks and awaited employment data.
Market players are largely focused on U.S.-China trade talks, aftersuggested that there is an impasse over issues such as agricultural products and intellectual property. President Trump had announced last month that the U.S. had reached an agreement in principle with China and that they were close to signing a phase one trade deal.In the meantime, traders reacted to comments from Fed Chairman Jerome Powell. He told Congress Wednesday thatas long as the economy keeps growing.
There will be some other Fed speeches Thursday. Fed Vice Chair Randal Quarles will give a speech at 05:30 a.m. ET, New York Fed President John Williams will be speaking in San Francisco at 09:00 a.m. ET and Chicago Fed President Charles Evans will address an event in Philadelphia at 09:10 a.m. ET. On the data front, the latest weekly jobless claims will be released at around 8:30 a.m. ET. The Labor Department is poised to report its producer price index for October at the same time.Related Tags
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