U.S. government debt prices traded lower Monday morning as investors kept a close eye on U.S.-China trade developments.
Market players remain focused on U.S.-China trade talks. Chinese Vice Premier Liu He spoke with the U.S. Treasury secretary and trade representative over the phone Saturday. According to the Chinese Ministry of Commerce, both sides had "constructive" talks regarding each other's trade concerns.Meanwhile, Chinese officials have surprised markets with the announcement of a cut to a key interest rate for the first time since 2015.
On the data front, there will be a business leaders survey out at 8:30 a.m. ET, the NAHB survey is due at 10 a.m. and TIC data is set to be released at 4 p.m. ET.—
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