U.S. government debt prices were higher Wednesday morning, as investors monitor the potential economic fallout of China's coronavirus.
24,324 cases of the coronavirus in the country and 490 deaths.
The outbreak of the deadly pneumonia-like virus, which was thought to have originated in the Chinese city of Wuhan, has been recognized as a global health emergency by the World Health Organization.nearly 200 cases of the virus in at least 23 countries outside of China. Speaking during his State of the Union address on Tuesday, U.S. President Donald Trump said the U.S. was "working closely" with the Chinese government on the outbreak.International trade data for December, a final reading of services purchasing managers' index for January and the latest and ISM non-manufacturing will follow slightly later in the session.
Federal Reserve Board Governor Lael Brainard will comment on the world's largest economy at an event in California on Wednesday afternoon.
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