U.S. government debt prices were slightly higher Thursday morning as optimism over a fresh government coronavirus response bill failed to offset concerns over rising tensions between the U.S. and China.
U.S. jobless claims data for the week ended July 17 will be in the spotlight Thursday and will be released at 8:30 a.m. ET. Economists expect another 1.3 million workers to have filed initial claims for state unemployment benefits last week.
Senate Republicans late on Wednesday said they had reached accords in principle over portions of a potential aid package, which may be presented to Democratic counterparts this week as lawmakers look to rush legislation through before the end of the month.
Chinese foreign ministry spokesperson Wang Wenbin condemned the action and warned of unspecified retaliation if Washington does not reverse the decision. The coronavirus pandemic remains on the agenda as Texas on Wednesday reported record daily increases in deaths and hospitalizations, while the head of the World Health Organization's emergency program said the first use of vaccines currently advancing through testing cannot be expected until early 2021.
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