Treasury yields are lower this morning following a risk-off move overnight in response to increasing tensions between China and the US as well as concerns surrounding migration in Germany and Brexit talks in the UK. In response to the Trump administration placing tariffs on $50 billion on Chinese imports, the Asian nation levied a 25% tariff on US agriculture and autos. This week’s economic calendar starts fairly light today, but picks up tomorrow with housing start data as well as a speech by ECB President Draghi.
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