US Treasury yields steady as US-China trade deadline looms

U.S. government debt yields held steady on Friday as market participants continued to monitor trade talks between China and the U.S. and awaited fresh data.

At around 4 p.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was slightly higher at 2.663 percent, while the yield on the 30-year Treasury bond was lower at 2.993 percent.


There is a strong focus on trade as China and the U.S. continue talks. According to the South China Morning Post, Chinese President Xi Jinping will meet with U.S. delegates on Friday, including Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer.

In politics, the White House said Thursday that President Trump is signed legislation that prevents a government shutdown, but also declared a national emergency to try to build a wall on the border with Mexico.