U.S. government debt prices were lower Tuesday morning as markets entered their first trading day of the month.
Investors are monitoring coronavirus’ news, but also possible moves to monetary policy, after the U.S. Federal Reserve said last week it was willing to let inflation surpass the 2% threshold for some time as it worked to revamp the economy.
There will be manufacturing Purchasing Managers’ Index (PMI) at 9:45 a.m. ET, construction spending at 10 a.m. ET and the Dallas Fed Services numbers at 10:30 a.m. ET.
Furthermore, Federal Reserve Governor Lael Brainard will speak at 10 p.m. ET at an event.
There are no Treasury auctions scheduled.