U.S. government debt yields fell on Wednesday as traders monitored U.S.-China trade developments.
Market players are focused on U.S.-China trade developments with mixed messages on the progress of talks between Washington and Beijing over the last few days.
President Donald Trump is focused on inking a trade deal with Beijing in the hope of lifting the stock market ahead of his re-election bid, three sources briefed on talks told CNBC on Wednesday. The sources said the president is trying to foster an equity rally as he prepares to run for a second term and has concluded that resolving the dispute may better the odds.
Sources told CNBC Monday that U.S.-China trade negotiations are in the "final stages" and that a summit in Mar-a-Lago later this month could close the deal. The New York Times also said in a report that Monday the trade deal being discussed would do little to address key structural issues.