Bonds

Treasury yields rise on US-China trade optimism

U.S. government debt yields rose Tuesday as traders monitored global trade developments and looked ahead to fresh economic data.

Treasurys

The benchmark 10-year Treasury note, which moves inversely to price, was higher at around 1.858%, while the yield on the 30-year Treasury bond was also higher at around 2.342%.

Market focus remains attuned to trade discussions, with Reuters reporting on Monday that China is pushing U.S. President Donald Trump to remove more tariffs imposed in September as part of the much-touted "phase one" trade deal between the two nations.

China is pushing President Donald Trump to remove more tariffs on about $125 billion worth of Chinese goods imposed in September as part of the "phase one" trade deal, reports said. "Firmer commitments on lifting tariffs" are needed for China to pay a visit to the U.S., according to the South China Morning Post.