U.S. Treasury yields move lower as investors monitor economic data, auctions

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U.S. government debt prices were higher on Tuesday, as investors awaited a fresh batch of economic data after the long Labor Day weekend.

It comes as investors closely monitor U.S.-China tensions and looked to whether tech shares could recover from their recent downturn.

On Monday, President Donald Trump again raised the idea of separating the world's two largest economies, claiming the U.S. would not lose out financially if the country stopped doing business with China. His comments followed the possible U.S. blacklisting of China's largest chipmaker, Semiconductor Manufacturing International Corp . Shares of the companyChinese Foreign Ministry spokesman Zhao Lijian responded to accuse the Trump administration of "On the data front, the NFIB survey will be released at around 6 a.m. ET. The Census Bureau's latest quarterly financial report and consumer credit data for July are both scheduled to follow later in the session.

The U.S. Treasury will auction $54 billion in 13-week bills, $51 billion in 26-week bills, and $34 billion in 52-week bills on Tuesday. It will also auction $30 billion in 119-day bills, $30 billion in 42-day bills, and $50 billion in three-year notes.

 

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