Treasury yields in focus as investors anticipate US-China trade talks

Treasury yields in focus as investors anticipate US-China trade talks - us-canada

U.S. government debt costs  were slightly higher Thursday morning, as investors awaited high-level trade discussions between the world’s two biggest economies.

U.S. Markets Overview: Treasurys graph

At approximately 03:20 a.m. ET, the return on the benchmark 10-year Treasury note, which moves inversely to price, was reduced at around 1. 5802%, while the return on the 30-year Treasury bond was also lower at around 2. 0841%.

Market focus is primarily conducive to international trade developments after a press report indicated U.S.-China trade talks could be cut short.

High-level negotiators in the U.S. and China are poised to meet for a new round of discussions in Washington, D.C., on Thursday.

A report in the South China Morning Post on Thursday reported that Beijing’s Vice Premier Liu He could leave Washington on Thursday, as opposed to Friday as originally scheduled.

“We are not aware of a change in the Vice Premier’s travel plans at this time,” that a White House spokesperson told CNBC in response to the South China Morning Post’s report. A senior government official told CNBC’s Kayla Tausche that Liu is still scheduled to leave Friday eveningdinner is on for the delegation Thursday evening in DC.

Bloomberg News also reported overnight the U.S was contemplating an agreement to suspend next week’s tariff increase in exchange for a money pact.

On the information front, the latest weekly jobless claims figures and consumer price index (CPI) data for September will be released at approximately 8:30 a.m. ET. The full-year 2019 federal funding is going to be published slightly later in the session.

The U.S. Treasury is set to auction 50 billion in 4-week bills, $40 billion in 8-week invoices and $16 billion in 29-year and 10-month bonds on Thursday.

— CNBC’s Fred Imbert & John Melloy contributed to this report.

Treasury yields in focus as investors anticipate US-China trade talks - us-canada

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