US Treasury yields jump on US-China trade deal hopes
U.S. government debt yields rose Wednesday as traders monitored the latest developments in U.S.-China trade talks. The yield on the benchmark 10-year Treasury note jumped sharply to about 2.513 percent, while the yield on the 30-year Treasury bond climbed to 2.923 percent. U.S. and Chinese officials are reportedly getting closer to a trade deal, having resolved most of the outstanding issues in their protracted trade spat.