US Treasury prices jump as Trump increases trade pressure on China

U.S. government debt prices jumped on Tuesday as concerns over a potential trade war between the U.S. and China intensified. The yield on the benchmark 10-year Treasury note fell to 2.877 percent from about 2.91 percent on Monday, while the yield on the 30-year Treasury bond was deep in the red at 3.011 percent. If China "refuses to change its practices" and insists on continuing with the new tariffs it recently declared, then the additional levies would be imposed on Beijing, Trump said Monday night.