U.S. government debt prices were higher Tuesday morning, as investors await a deluge of economic data reports and Treasury auctions.
Market participants are likely to closely monitor a flurry of economic data reports, with the S&P/Case-Shiller home prices index and the Federal Housing Finance Agency HPI for March both expected at around 9:00 a.m. ET.
Consumer confidence, Richmond Fed surveys and Dallas Fed manufacturing data for May will all follow slightly later in the session. Meanwhile, the U.S. Treasury is set to auction $36 billion in 13-week and 26-week bills, $40 billion in 2-year notes and $41 billion in 5-year notes on Tuesday.-led production cuts and U.S. sanctions on fuel exports from Iran and Venezuela supported crude, while lingering concerns about an economic slowdown weighed on the market.
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