US Treasury yields drop as attention turns to global growth concerns
The Philadelphia Fed's non-manufacturing survey is scheduled to be released at 8:30 a.m. ET, followed by existing home sales at 10 a.m. ET. The U.S. Treasury is set to auction $42 billion in 13-week bills and $39 billion in 26-week bills. The yield on the benchmark 10-year Treasury note was in the red at around 2.757 percent at 4:35 a.m. ET, while the yield on the 30-year Treasury bond slipped, trading at 3.073 percent.