Home Americas US Treasury yields tick lower amid trade optimism

Treasury yields tick lower amid trade optimism

U.S. government debt prices were higher Tuesday morning, amid signs of progress in the latest round of trade talks between the world’s two largest economies.

At around 05:00 a.m. ET, the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 1.8279%, while the yield on the 30-year Treasury bond was also lower at around 2.3141%.

President Donald Trump said Monday that he expected to sign a significant part of the trade deal with China ahead of schedule. The prospect of Washington extending certain tariff exclusions on $34 billion worth of Chinese imports also boosted market sentiment.

The U.S. and China secured a limited trade deal earlier this month, in an attempt to end a protracted dispute that has battered financial markets and hammered global growth.

On the data front, the S&P CoreLogic Case-Shiller national home price index for August will be released at 09:00 a.m. ET.

Pending home sales for September, consumer confidence for October, third-quarter housing vacancies and Dallas Fed services for October will all be released slightly later in the session.

There are no major Treasury bond auctions on Tuesday.


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