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Market participants will likely closely follow the speeches made by US central bank decision-makers. Charles Evans, president of the Chicago Fed, Patrick Harker, president of the Philadelphia Fed, and Mary Daly, president of the San Francisco Fed, are all expected to comment on the world's largest economy at various events on Tuesday.
Speaking in Hong Kong Tuesday, Eric Rosengren, chairman of the Boston Fed, said low bond yields from other countries hurt US long-term bond yields. Nevertheless, he expects the Treasurys to start rising a little higher.
At the same time, the US Treasury is expected to auction $ 26 billion of 52-week notes and $ 40 billion of two-year term notes.
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