U.S. government debt yields fell on Tuesday morning amid trade war fears and ahead of a new meeting for the Federal Reserve.
Market focus is largely attuned to global trade developments, after prospects for a long-awaited U.S.-China trade deal were dealt another setback. It comes after Washington leveled sweeping charges against Beijing's telecom giant Huawei.
Investors are also looking ahead to a speech by Federal Reserve Chairman Jerome Powell due Wednesday. The central bank is starting its two-day policy meeting on Tuesday. Market players are keen to understand if the Fed will slow down its hiking cycle this year.