Treasury yields in focus prior to US-China trade talks

Treasury yields in focus prior to US-China trade talks - us-canada

U.S. Markets Overview: Treasurys graph

At around 03:00 a.m. ET, the return on the benchmark 10-year Treasury note, which moves inversely to price, was reduced at approximately 1. 5255%, while the return on the 30-year Treasury bond was also lower at around 2. 0279%.

Market focus is primarily conducive to international trade developments, with high-level negotiators in the U.S. and China poised to fulfill for a new round of discussions in Washington, D.C., on Thursday.

The long-running dispute has gradually expanded beyond trade policy, exacerbating fears about further damage to a fragile global economy.

President Donald Trump has stated tariffs on Chinese imports will increase on October 15 if no progress is made in bilateral trade negotiations.

On the information front, wholesale trade figures for August and Job Openings and Labor Turnover Survey (JOLTS) data for August will be published at approximately 10:00 a.m. ET.

The U.S. Treasury is set to auction $24 billion in 9-year and 10-month notes on Wednesday.

Elsewhere, Federal Reserve Chairman Jerome Powell is scheduled to deliver the opening remarks at an event in Kansas City.

It comes after Powell said Tuesday the policymakers in the U.S. central bank would be open to additional interest rate cuts over the coming months. He also indicated that the opportunity to permit the Fed’s asset holdings to start to expand was”now upon us.”

Treasury yields in focus prior to US-China trade talks - us-canada

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