US Treasury yields trade lower over escalating trade tensions between US and China. Investors adopt a wait and watch approach towards the latest developments on the trade war.
After Trump announced a hike on tariffs from 10% to 25% on $200 billion worth of Chinese goods, the yield on the 10-year Treasury note ticked down to 2.4800%. The yield on the 30-year Treasury bond also fell to 2.8945% early Tuesday morning.
There is still hope for the trade discussions to resume and progress as Chinese Vice Premier Liu He has confirmed his visit to the US later this week.
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