U.S. government debt yields rose on Friday as traders monitor US-China trade talks.
At around 1:26 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 2.414 percent, while the yield on the 30-year Treasury bond was also higher at 2.82 percent. The yield on the 3-month Treasury bill held at 2.408 percent.
The U.S. and China resumed their trade talks this week – seen as a positive sign for many investors, as they believe that a deal could be imminent. "The talks will conclude. They have to," Max Baucus, former U.S. ambassador to China, told CNBC's Martin Soong at the Boao Forum for Asia.
Meanwhile, the U.S. Treasury has no auctions planned.
The bond market is set to remain under close scrutiny amid concerns over global economic growth. Last Friday, the yield curve between the three-month Treasury bill and the 10-year bond inverted — this is usually perceived as a signal recession could be around the corner.