U.S. government debt prices were slightly higher on Tuesday morning as investors monitored the prospects of imminent economic recovery.
Risk markets received a brief scare overnight after White House trade advisor Peter Navarro told Fox News that the U.S.-China trade deal was "over," but, claiming to have been taken "wildly out of context" and calming investor sentiment.
Investors will be looking ahead Tuesday to IHS Markit's flash PMI readings for June, set for release at 9:45 a.m. ET, which could indicate the pace of recovery in economic activity following months of coronavirus-induced lockdown measures.across the U.S. and beyond as economies continue to reopen, with a number of states reporting record daily spikes in new cases and hospitalizations over the past week.
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