U.S. government debt prices were lower Wednesday morning, as investors awaited the release of economic data.
Market focus is largely attuned to global trade developments, after the U.S. and China imposed new tariffs one another's goods at the start of the month. It marked theData on Wednesday showed growth in China's services sector hadThe Caixin/Markit Services Purchasing Managers' Index came in at 52.1 in August — its highest reading since May. The 50-mark in PMI readings separates growth and contraction.
Sticking in Asia, Hong Kong leader Carrie Lam is expected to announce the formal withdrawal of a proposed extradition bill that has sparked months of protests in the Chinese-ruled city, Reuters reported, citing the South China Morning Post and other sources. Back in the U.S., international trade figures for July will be released at 8:30 a.m. ET, with light vehicle sales data for August set to follow slightly later in the session.
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