economic data, politics in focus
The yield on the benchmark 10-year Treasury note slipped to 2.831 percent at 2:26 p.m. ET, while the yield on the 30-year Treasury bond fell to 2.933 percent. Bond yields move inversely to prices.
Consumer sentiment hit a six-month low, but held near the average print for the prior 12 months thanks in part to rising fears surrounding a trade war between the United States and its economic partners.
Consumer sentiment fell to 97.1, below an estimated 98.2, according to a report from the University of Michigan.
"The darkening cloud on the horizon, however, is due to rising concerns about the potential negative impact of tariffs on the domestic economy," Richard Curtin, director of the University of Michigan consumer survey, said in a statement.
The University of Michigan's report considers 500 consumers' attitudes about future economic conditions, including personal finances, unemployment, government policies and interest rates.
As trade turmoil bubbles away, investors will be turning their attention to the latest leg of Trump’s trip around Europe. On Friday, the U.S. incumbent is due to participate in a joint press conference with U.K. Prime Minister Theresa May, in addition to meeting with Queen Elizabeth II in Windsor.
This comes as several protests against the U.S. president’s visit are due to take place in the U.K.