Treasury yields jump on trade optimism

Thursday, 07. November 2019 17:57

Yields on United States government debt, which move inversely to bond prices, rose on Thursday with the 10-year Treasury yield hitting the highest level since August amid fresh trade optimism. China's Commerce Ministry stated that Beijing and Washington agreed to cancel existing import tariffs on each other's products, boosting hopes the two countries will reach a phase one trade agreement soon.

The yield on the benchmark 10-year Treasury note climbed by 11.4 points to 1.926% at 11:49 am ET. Meanwhile, the 2-year note yield added 6.6 basis points to reach 1.673% at 11:50 am ET and the yield on the 30-year debt rose by 10.3 basis points to 2.402% at 11:52 am ET.

Corresponding bond futures declined 0.66%, 0.12% and 1.22%, respectively, at 11:44 am ET.

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Breaking the News / NP