U.S. government debt held steady on Monday as investors monitored U.S. trade tensions with China and an impeachment inquiry into President Donald Trump.
Traders are monitoring news that the White House is looking at limiting U.S. investment in China – a move that could hurt their trade negotiations.
Multiple news outlets, including CNBC, on Friday reported that the White House is in the early stages of weighing . Such measures could include a block of all American investment in the country, a person familiar with the talks told CNBC.
White House trade advisor Peter Navarro told CNBC on Monday that such reports were "fake news" and scolded Bloomberg News, which first reported that the investment limitations were under consideration.
"The last time we talked, I proposed 'Navarro's Rule,' which is that any story that comes from anonymous sources is likely to be fake news designed to part a fool from his money," Navarro told CNBC. "And that story, which appeared in Bloomberg, I've read it far more carefully than it was written."
"Over half of it was highly inaccurate or simply flat-out false," he said.
In the meantime, the U.S. Congress is trying to get access to President Trump's calls with Russian President Vladimir Putin and other world leaders. Lawmakers have said they are concerned that the president may have jeopardized national security during those calls.