Home Bonds News Treasury yields fall slightly as investors await US-China trade deal

Treasury yields fall slightly as investors await US-China trade deal

by FxFinanceStockNews


Deal signing

Market focus is largely attuned to global trade developments, with the U.S. and China set to ratify their so-called “phase one” trade deal on Wednesday.

Ahead of the preliminary agreement, the U.S. Treasury announced on Monday that it had dropped China’s designation as a currency manipulator.

The decision comes more than five months after the Treasury Department formally made the designation, with Beijing now on a “monitoring list” for currency practices along with nine other countries, including Germany, Italy and Japan.

There are no major U.S. Treasury auctions scheduled on Tuesday.



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