U.S. government debt prices were lower Wednesday morning, as investors awaited a fresh batch of economic data.
Market focus is largely attuned to global trade developments, amid conflicting signals over the extent of progress in U.S.-China trade talks.
Speaking at the Economic Club of New York on Tuesday, President Donald Trump said both sides were "close" to reaching a "phase one" trade deal but did not offer any details on where or when it might be signed." on trade, though he blamed the situation on past leaders of the world's largest economy. Washington and Beijing have imposed tariffs on billions of dollars' worth of one another's goods since the start of 2018, battering financial markets and souring business and consumer sentiment.
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