Treasury yields fall after China trade officials cut DC trip short, forgo Montana visit

U.S. government debt yields reversed earlier gains to fall Friday afternoon after Chinese trade officials cut their trip to the U.S. short.

Investors bought Treasurys and sold stocks following the announcement on the trade meetings, which many on Wall Street hoped would foster better relations between the Washington and Beijing ahead of high-level talks in October.

The yield on the benchmark 10-year Treasury note fell to 1.763%, while the yield on the 30-year Treasury bond was lower at 2.205%.

The Chinese Embassy confirmed to CNBC that China's Vice Minister for Agriculture and Rural Affairs Han Jun would return to China earlier than previously planned.

Meanwhile, Nicole Rolf, the Montana Farm Bureau Federal Director of National Affairs said that the portion of delegates already in Washington would no longer planning a visit to the state.

On Friday, deputy trade negotiators from the U.S. and China resumed face-to-face talks for the first time in almost two months. The deputy-level trade talks were expected to help lay the groundwork for high-level negotiations early next month.

Washington and Beijing have imposed tariffs on billions of dollars' worth of one another's goods since the start of 2018.

On Wednesday, the Federal Reserve cut its benchmark overnight lending rate by 25 basis points, its second such move in 2019. But it failed to signal further rate cuts for 2019, disappointing some investors who'd been hoping for hints at looser monetary policy.

—CNBC's Sam Meredith, Silvia Amaro and Matt Clinch contributed to this article.