U.S. government debt prices were slightly lower Monday morning as investors reacted to comments from Federal Reserve Chairman Jerome Powell following last week's market losses.
Powell told "60 Minutes" in an interview aired Sunday night that thein the second quarter as the full impact of nationwide lockdowns forced by the coronavirus pandemic is realized, but will likely rebound robustly and avoid a long-term depression.
Meanwhile, ties between Washington and Beijing continued to fray on Sunday. U.S. Secretary of State Mike Pompeo warned China not to interfere with the work of American journalists in Hong Kong, suggesting that it could affect the U.S. assessment of the special administrative region's status.and said it could take any necessary action to safeguard Chinese firms' rights and interests.Auctions will be held Monday for $63 billion of 13-week Treasury bills and $54 billion of 26-week bills.
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