U.S. government debt prices were lower on Tuesday morning as market participants closely monitored a Senate vote on increased economic relief from the coronavirus pandemic.
At around 5:40 am ET, the yield on the 10-year benchmark was higher by 0.9431%, while the yield on the 30-year bond was also higher. at 1.6844%. Yields move in the opposite direction to prices.
It comes shortly after President Donald Trump signed a $ 900 billion Covid-19 bailout bill on Sunday, avoiding government shutdown and extending unemployment benefits to millions of Americans.
Trump initially suggested he would veto the bill, which would see $ 2,000 Covid-19 aid checks given to Americans below a certain income level.
The House of Representatives on Monday adopted a measure to increase economic aid, sending the bill to the Senate, where its future is less secure.
In terms of data, S&P CoreLogic Case-Shiller figures from the US National Home Price Index will be released around 9:00 ET. Data on Fed services will follow a little later in the session.
The US Treasury will bid $ 59 billion for 7-year banknotes, $ 34 billion for 52-week banknotes, $ 30 billion for 119-day bills and $ 30 billion for 42-day banknotes.