🟠TREASURY YIELDS EDGE UP AS CHINA ACCUSES U.S. OF TRADE AGREEMENT VIOLATION
U.S. Treasury yields climbed after China responded to what it called U.S. breaches of a Geneva trade agreement.
As of 5 a.m. ET
🟠The 10-year Treasury yield rose by more than 2 basis points, reaching 4.445%.
🟠The 2-year yield gained slightly, up less than one basis point at 3.922%.
🟠The 30-year Treasury yield increased by more than 4 basis points to 4.981%.
A single basis point equals 0.01%. Note that yields and bond prices move inversely.
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