Investors have been taking more risk and dumping bonds for equities as stocks rally into year end.
Solid economic data on Monday showed November new home sales were a seasonally adjusted 719,000, less than expectations but up from a revised 710,00 in October, according to the U.S. Census Bureau.
News that China will cut import tariffs on a wide range of goods has boosted global sentiment. China's finance ministry announced starting January 1, it willU.S. markets will finish trading early on Dec. 24 and will be closed on Dec. 25, Christmas Day. On the data front, Philadelphia Fed non-manufacturing figures are due out at 8:30 a.m. ET and a Richmond Fed survey is out at 10 a.m. ET. There are no Treasury auctions scheduled for Tuesday.
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