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US Treasury yields move higher ahead of Trump's State of the Union speech

Silvia Amaro
  • On the data front, investors are likely to monitor services PMIs and ISM nonmanufacturing numbers due at 9.45 and 10 a.m. ET, respectively.
  • On Monday, the President had an "informal meeting" with Fed Chairman Jerome Powell, where both discussed "recent economic developments and the outlook for growth, employment and inflation."

U.S. government debt prices  were lower on Tuesday morning, as market participants await to hear from President Donald Trump.

The yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.729 percent, while the yield on the 30-year Treasury bond was also higher at 3.061 percent.

On the data front, investors are likely to monitor services PMIs and ISM nonmanufacturing numbers due at 9.45 and 10 a.m. ET, respectively.

President Donald Trump is due to address the Congress with his 2019 State of the Union Speech on Tuesday. Money managers will be looking for comments on trade and the broader U.S. economy.

On Monday, the President had an "informal meeting" with Fed Chairman Jerome Powell , where both discussed "recent economic developments and the outlook for growth, employment and inflation."

Meanwhile, the Treasury will auction $38 billion in 3-year notes.





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