The 10-year Treasury yield rose 6 basis points to around 1.65% while the 2-year yield climbed 5 basis points to 1.512%. The 30-year bond yield advanced to 2.15%. Yields move inversely to prices.
Trump tweeted: “Big day of negotiations with China. They want to make a deal, but do I? I meet with the Vice Premier tomorrow at The White House.”
The tweet raised hopes for progress on the U.S.-China trade front as high-level talks kicked off on Thursday.
U.S. Markets Overview: Treasurys chart
|US 3-MO||U.S. 3 Month Treasury||1.69||-0.015||0.00|
|US 1-YR||U.S. 1 Year Treasury||1.623||0.023||0.00|
|US 2-YR||U.S. 2 Year Treasury||1.54||0.066||0.00|
|US 5-YR||U.S. 5 Year Treasury||1.484||0.075||0.00|
|US 10-YR||U.S. 10 Year Treasury||1.663||0.076||0.00|
|US 30-YR||U.S. 30 Year Treasury||2.157||0.071||0.00|
“We are not aware of a change in the Vice Premier’s travel plans at this time,” a White House spokesperson told CNBC in response to the South China Morning Post’s report. A senior administration official told CNBC’s Kayla Tausche that Liu is still scheduled to depart Friday evening, and dinner is on for the delegation Thursday evening in DC.
Yields rose on Thursday despite weaker-than-expected inflation data. The consumer price index was flat in September on a month-over month basis. Economists polled by Reuters expected a gain of 0.1%.