U.S. government debt prices were lower Monday morning as investors monitored President Donald Trump’s health, with doctors suggesting he could be discharged later in the day.
The president was flown to Walter Reed Medical Center on Friday, but doctors have suggested that he could return to the White House later on Monday despite confirming that his oxygen had dropped twice since admission. Trump is also being treated with a steroid recommended for severe Covid-19 cases.
Investors also remain attuned to hopes of a deal between Congressional Democrats and the White House over a fresh coronavirus relief bill, with Trump taking to Twitter from the hospital to urge Congress to “GET IT DONE!”
Focus Monday will also shift to key economic data, with September’s final Markit composite and services PMI (purchasing managers’ index) readings, a closely-watched signal of economic health, set for publication at 9:45 a.m. ET.
At 10 a.m., ISM non-manufacturing PMIs, prices, new orders and employment figures will be released.
Auctions will be held Monday for $54 billion of 13-week Treasury bills and $51 billion of 26-week bills.
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