Chinese Vice Premier Liu He spoke to the U.S. Secretary of Treasury and Trade Representative over the phone on Saturday’s.
On the data front survey results from business leaders will be released at 8:30 a.m. ET, the inquiry of the NAHB is expected at 10 a.m. And the release of TIC data at 4 p.m. ET, that’s it.
U.S. debt values traded lower Monday morning as investors kept an eye on developments in U.S .- China trade.
The yield on the 10-year Treasury Note benchmark traded at 1.8394%, while the yield on the 30-year Treasury Bond traded at 2.3177%. Inversely, bond yields shift against rates.
Market participants are still focused on trade talks between the U.S. and China. Chinese Vice Premier Liu, He spoke to the United States. Secretary of the Treasury and representative of trade on Saturday’s phone. Both sides had “constructive” talks about each other’s trade concerns, according to Chinese Ministry of Commerce.
In addition, as civil unrest continues, stakeholders are also watching developments in Hong Kong.
Elsewhere, Chinese officials have been surprising investors for the first time since 2015 by proposing a cut to a main interest rate. The move ignited speculation in China about additional stimulus measures.
A survey of business leaders will take place at 8:30 a.m. on the data front. ET, the survey is due to take place at 10 a.m. And the publication of TIC data at 4 p.m. ET, that’s it.
The Treasury will be auctioning a three-month and six-month bill on Monday on the auction front.
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