U.S. government debt prices were higher on Thursday morning, amid fresh concerns over trade talks between the U.S. and China.
The Wall Street Journal reported that trade negotiations with China are at an impasse. This is reportedly due to differences over restrictions on Huawei. On Tuesday, U.S. President Donald Trump said there's still a long way to go before a deal with China can be reached.
Apart from developments on the trade front, investors are likely to monitor new data. Initial job claims and Philly Fed manufacturing are due at 08:30 a.m. ET.Meanwhile, the Treasury is due to sell $40 billion in 4-week bills; $35 billion in 8-week bills and $16 billion in 30-year bonds.
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