US Treasury yields up as Trump suspends tariffs on Mexico

US President Donald Trump announced Sunday that the proposed tariffs on Mexican imports would be suspended indefinitely. Trump said in an article published Sunday on Twitter that he had "full confidence" in Mexico's ability to quell migrations from Central America, after the two neighbors went out of business. agreement. The New York Times reported Saturday that the agreement to avoid tariffs largely included actions that Mexico had already agreed to take.

Meanwhile, investors will closely monitor US-China trade developments for a key meeting between leaders of the two countries. Speaking to CNBC on Sunday, US Treasury Secretary Steven Mnuchin said President Trump would decide new tariffs after meeting with his Chinese counterpart later this month.

Outside of the trade war, investors remain concerned about the weakness of US data. The US economy added 75,000 jobs in May, the second time in four months that job growth was less than 100,000. Economists surveyed by Dow Jones forecast an increase of 180,000 jobs. Wage growth has also slowed.

Meanwhile, on the data front, a report on job openings and consumer inflation forecasts will be released.

With regard to the auctions, the Treasury should sell effects at 3 and 6 months.

No key Fed speech is expected.