Home Americas US US Treasury yields amid focus on US-China trade developments

US Treasury yields amid focus on US-China trade developments

U.S. government debt prices moved higher Thursday morning, amid reports that China and the U.S. have agreed to cancel additional tariffs imposed in their trade war.

At around 03:10 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 1.8462%, while the yield on the 30-year Treasury bond was higher at around 2.3377%.

Market players are following U.S.-China trade discussions amid growing concerns that the signing of the “phase one” deal could be delayed until December. President Trump is scheduled to be in London for a gathering of NATO leaders on Dec. 3 – 4, and a potential signing could happen before or after that visit, people close to the talks told CNBC. However, China has reportedly agreed to cancel existing tariffs with the U.S. in a phased way.

In terms of data, there will be jobless claims at 08:30 a.m. ET and consumer credit numbers out at 03:00 p.m. ET.

There are also a few Fed speeches scheduled for Thursday. Atlanta Fed President Raphael Bostic will speak in New York at 07:10 p.m. ET and the Dallas Fed President Robert Kaplan will give a speech in Texas at 10:50 p.m. ET.

The U.S. Treasury is set to auction $55 billion in 4-week bills, $40 billion in 8-week bills; and $19 billion in 30-year bonds.

Source

US Treasury yields amid focus on US-China trade developments 4
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