Treasury yields tick lower amid economic data, auctions

U.S. government debt yields were lower Wednesday as investors digest the latest trade developments between the U.S. and China.


The benchmark 10-year Treasury note was lower at around 1.75%, while the yield on the 30-year Treasury bond was also lower at around 2.239%. Yields move inversely to price.

Market focus is largely attuned to global trade developments, with investors waiting for more clarity on the U.S.-China trade war.

China's vice foreign minister said Tuesday that the world's two largest economies had achieved some progress in trade talks, before adding the dispute could be resolved as long as both sides respected each other.

The U.S. and China secured a limited trade deal last week, in an attempt to end a protracted dispute that has battered financial markets and hammered global growth.