U.S. government debt yields slipped on Thursday amid trade discussion between the United States and its North American allies.
Canada has until Friday to join a trade deal made between the U.S. and Mexico, according to President Donald Trump. However, the president said he was confident an agreement between the two nations was within reach. "I think Canada very much wants to make the deal," Trump told reporters on Wednesday. "It probably won't be good at all if they don't."
The yield on the benchmark 10-year Treasury note was lower at around 2.866 percent at 11:58 a.m. ET, while the yield on the 30-year Treasury bond was in the red at 3.009 percent. Bond yields move inversely to prices.
The Treasury Department auctioned $31 billion in seven-year notes Wednesday at a high yield of 2.844 percent, a day after it auction $37 billion in five-year notes and two days after selling $36 billion of two-year notes.
The sizable auctions represent the latest in a series of massive debt sales as the federal government seeks to fund higher budget deficits.
The Treasury plans to borrow $329 billion in the current July through September quarter, 74 percent higher than the $189 billion borrowed in the same quarter one year ago and the largest July to September amount since 2010.