U.S. government debt prices were lower Tuesday morning as market participants watched a Senate vote on increasing economic relief from the coronavirus pandemic.
At around 5:40 a.m. ET, the 10-year Treasury note yield was higher at 0.9431%, while the 30-year Treasury note yield was also higher at 1.6844%. The returns move inversely to the prices.
It comes shortly after President Donald Trump signed a $ 900 billion Covid-19 bill on Sunday that will prevent the government from closing and extend unemployment benefits to millions of Americans.
Trump originally proposed vetoing the bill, which would give Americans below a certain income level 2,000 Covid-19 relief checks.
The House of Representatives passed a measure to increase economic relief on Monday and sent the bill to the Senate, where its future is less certain.
On the data front, S&P CoreLogic Case-Shiller will publish the US National Home Price Index figures at around 9:00 a.m.CET. The Dallas Fed service dates will follow a little later in the session.
The U.S. Treasury Department is auctioning $ 59 billion worth of 7-year notes, $ 34 billion worth of 52-week notes, $ 30 billion worth of 119-day notes, and 42-day notes – $ 30 billion worth of bills.
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