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Gold firms as doubts over U.S.-China trade deal curb risk appetite
Author: chrisrudall9
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US Treasuries Fell as China Signaled to Reduce Purchases
The US Treasury market remained under the spotlight. The Treasury sold US$20B of 10-year notes at the highest yield of 2.579% since July 2014. Yet, what directed the market movement was the news citing that Chinese officials have recommended lowering or stopping purchases of US government bonds. 10-year yields rallied to a 10-month high of 2.597% at one point before ending the day at 2.549%.
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US Treasuries Fell as China Signaled to Reduce Purchases