U.S. public debt prices were lower on Tuesday morning as market participants closely monitored the Senate vote on increasing economic relief from the coronavirus pandemic.
At around 5:40 am ET, the yield on the 10-year Treasury benchmark was 0.9431% higher, while the yield on the 30-year Treasury bond was also higher at 1, 6844%. Yields are reversed to prices.
It comes shortly after President Donald Trump signed a $ 900 billion Covid-19 relief bill on Sunday that avoids government shutdown and extends unemployment benefits to millions of Americans.
Trump had initially suggested he would veto the bill, which would mean giving $ 2,000 of Covid-19 coverage to Americans with a certain income level.
The House of Representatives on Monday approved a measure to increase economic relief, sending the bill to the Senate where its future is less secure.
As for the data, figures from the US S&P CoreLogic Case-Shiller national housing price index will be released around 9:00 am ET. Dallas Fed services data will continue slightly later in the session.
The U.S. Treasury will auction $ 59 billion in 7-year banknotes, $ 34 billion in 52 weeks, $ 30 billion in 119 days and $ 30 billion in 42 days.