U.S. government debt yields held steady Thursday following comments from Federal Reserve Chairman Jerome Powell.
Sentiment across the globe has improved on reports that China has delivered a written response to U.S. trade demands. U.S. government sources told Reuters Wednesday that China had sent a response to U.S. demands on the ongoing trade negotiation, giving hopes to investors that the two sides might bring an end to the spat.
Sterling plunged by over 1 percent against the Thursday morning after U.K. Brexit Secretary Dominic Raab resigned from his post. This piles yet more pressure on U.K. Prime Minister as she tries to get her draft Brexit agreement through Parliament.