US Treasury yields tick higher as trade turmoil continues to rattle markets

The yield on the benchmark 10-year Treasury note was higher at around 2.906 percent at 7:45 a.m. ET, while the yield on the 30-year Treasury bond was in the black at 3.036 percent. Market-watchers have become increasingly jittery after President Donald Trump requested late Monday that the United States Trade Representative identify $200 billion worth of Chinese goods for additional tariffs, at a rate of 10 percent. If China "refuses to change its practices" and insists on continuing with the new tariffs it recently declared on the U.S., then the additional levies would be imposed on the Asian nation, Trump said.