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US Treasury yields edge higher, with trade talks in focus

U.S. government debt yields edged higher on Wednesday as trade negotiations between the United States and China dominated dialogue around global economic growth.

The yield on the benchmark 10-year Treasury note was around 2.747 percent, while the yield on the 30-year Treasury bond rose, trading at 3.0623 percent. Bond yields move inversely to prices.

U.S. Markets Overview: Treasurys chart

On Wednesday, bond investors are expected to be keeping a close eye on the state of the global economy.

After the International Monetary Fund (IMF) announced that it had revised down its estimates for global growth on Monday, markets have remained on edge as concerns surrounding key topics continue to rumble on.

Aside from the uncertainty surrounding Brexit, investors in the U.S. continue to monitor developments between China and the U.S., in regards to trade.

In the latest surrounding trade talk, the White House appears to have rejected a trade planning meeting with its Chinese counterparts this week, as outstanding disagreements over the enforcement of intellectual property rules continue — this according to a source familiar with the situation.

When commenting on the news, the White House told CNBC Tuesday that "the teams remain in touch in preparation for high level talks with Vice Premier Liu He" at the end of January.

Meantime, White House economic advisor Larry Kudlow refuted claims that an official meeting had been called off, adding that no intermediate gatherings had been scheduled other than the visit by Liu next week.

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NEC Director Kudlow denies canceled meeting with Chinese trade representative

Elsewhere, investors continue to await news surrounding the ongoing government shutdown, which continues to trigger uncertainty across the States.

—CNBC's Kayla Tausche contributed to this report