Treasury yields move higher on US-China trade deal hopes
U.S. government debt yields rose Thursday amid reports the U.S. and China have begun outlining a deal to end their protracted trade war. The yield on the benchmark 10-year Treasury note was higher at 2.67 percent, while the yield on the 30-year Treasury bond was trading higher at 3.014 percent. Reports early Thursday morning said Washington and Beijing have begun drawing up memorandums of understanding over trade.