U.S. government debt prices were little changed on Tuesday morning as investors assessed the reopening of economies against a backdrop of mass civil unrest.
The unrest comes as states attempt to gradually reopen their economies following months of lockdowns due to the coronavirus pandemic, which has now infected more than 1.8 million Americans and killed more than 105,000, according to Johns Hopkins University.
Markets had taken heart from the prospects of reopening, but concerns about the duration and possible escalation of the protests following Trump's remarks, along with rising tensions between the U.S. and China over its increased control in Hong Kong, will likely weigh on risk sentiment.Auctions will be held Tuesday for $40 billion of 119-day Treasury bills and $65 billion of 42-day bills.
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