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Nov 15, 2019

Bonds | Treasury Yields Report on Friday 15, November 2019: Treasury yields rise for the first time in 4 days on US-China trade optimism

Silvia Amaro,Yun Li



U.S. government debt prices retreated on Friday as investors grew more optimistic about a U.S.-China trade agreement.
The yield on the benchmark 10-year Treasury note, which moves inversely to price, rose to around 1.8333%, the first day of gains since Monday. The yield on the 30-year Treasury bond was also higher at around 2.3097%.
Larry Kudlow, the White House economic adviser, said Thursday that Washington is getting close to a trade deal with Beijing. His comments have followed recent reports that both countries had hit an impasse over agricultural products and intellectual property rights.
Retail sales increased 0.3% last month, lifted by motor vehicle purchases and higher gasoline prices, the Commerce Department said on Friday. However, the data also showed big-ticket purchases dropped last month.
Federal Reserve Chairman Jerome Powell said Thursday that he does not see signs of bubbles brewing amid concerns over higher corporate and government debt.

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