Bonds

US Treasury yields unchanged as investors eye US-China trade dispute

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Key Points
  • The U.S. administration is finalizing plans that would inflict tariffs on $200 billion worth of Chinese goods.

U.S. government debt yields were unchanged Monday as Wall Street eyed upcoming news on U.S.-China trade tariffs.

The yield on the benchmark 10-year Treasury note held steady at 2.937 percent at 4:07 p.m. ET, while the yield on the 30-year Treasury bond was relatively flat at 3.085 percent. Bond yields move inversely to prices.

Treasurys

Last week's trade news continues to influence market sentiment.

President Donald Trump said Friday that he was "ready to go" on hitting China with an additional $267 billion worth of tariffs. The U.S. administration is already looking into finalizing plans that would inflict tariffs on $200 billion worth of Chinese goods, after a public comment period expired recently.

Investors monitored Washington's relationship with other major economies. Canada and the U.S. have yet to secure a deal that would replace the North American Free Trade Agreement (NAFTA). And on Friday, Trump told journalists that the U.S. had begun talks with Japan over trade, Reuters reported.