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U.S. government debt yields inched higher Tuesday after United Kingdom lawmakers renounced Prime Minister Theresa May's Brexit plan and rejected the deal crafted between the U.K. leader and the European Union.
May lost by 230 votes after members of the U.K.'s House of Commons voted 432 to 202 to reject the deal. The Withdrawal Agreement faced criticism across the political spectrum. The rejected agreement was the only deal brokered with the EU on how Britain should exit the bloc in March of this year.
The fixed-income moves came after fresh data out on Monday showed Chinese December exports and imports dropping unexpectedly. These figures deepened concerns of a slowdown in the world's second-largest economy.
At the same time, the divisions between Democrats and Republicans over a border wall continue, meaning there is no end in sight for the re-opening of the U.S. government. The longest ever shutdown in U.S. history is among the top worries for money managers.