U.S. government debt yields slipped on Monday as trade concerned continued to weigh on economic sentiment.
The yield on the benchmark 10-year Treasury note was lower at around 2.891 percent at 9:17 a.m. ET, while the yield on the 30-year Treasury bond fell to 3.04 percent. Bond yields move inversely to prices.
President Donald Trump took to Twitter to threaten another setof tariffs and bemoan current trade agreements over the weekend.
On Friday, the U.S. incumbent warned of a 20 percent tariff on all car imports from the European Union, stating that if the bloc refused to remove duties on U.S. cars, then Washington would have no choice but to act on these levies. Consequently, European markets were under pressure Monday.
Trump added on Twitter over the weekend that “all countries that have placed artificial trade barriers and tariffs on goods going into their country” should get rid of them, or face reciprocation from the U.S.
New home sales data is due at 10 a.m. ET, while the Dallas Fed's Texas Manufacturing Outlook survey at 10:30 a.m. ET.
