Treasury yields move higher ahead of auctions

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Market players are closely monitoring U.S. and China relations. Chinese state media reported Sunday that Beijing wants a cancelation of tariffs for a phase one trade deal. There is no clear indication of when both countries will be able to sign an agreement and last week saw fresh tension between Washington and Beijing after President Donald Trump signed legislation supporting protesters in Hong Kong.

Meanwhile, the U.S. Treasury is set to auction $84 billion in 13 and 26-week bills. There are no economic data reports set to be released.

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