U.S. government debt prices were lower on Wednesday morning, as investors monitored developments in U.S.-China trade talks.
Traders are closely following trade relations between the U.S. and China. U.S. officials confirmed Tuesday that there will be higher tariffs on Chinese goods later this week.
This comes after President Trump tweeted about his intention to impose higher duties last Sunday – his comments sparked a global sell-off.Data released Wednesday morning in China showed its trade surplus with the U.S. rose to $21.01 billion in April from $20.5 billion in March.On the auctions front, the Treasury is set to sell $27 billion in 10-year notes.
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