10/7/2019, 3:10 PM (Source: TeleTrader)
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Treasuries dip as US insists on full trade deal

United States government debt securities sold off on Monday together with stocks before the opening bell on Wall Street. The drop in Treasuries, which translates to a jump in yields, also came alongside a weakening in prices of gold and silver while the dollar was slightly lower compared to most peers. Investors' focus remained on the fate of trade talks between the administration in Washington and China as White House Director of Trade and Manufacturing Policy Peter Navarro said today that only a comprehensive bilateral deal is acceptable.

An earlier unconfirmed report indicated the representatives of the most populous nation are looking to leave out industrial policy and the subsidies to domestic companies from the negotiations. In other news, US President Donald Trump, the target of the impeachment process in Congress, lost an appeal against the subpoena in New York for his tax returns.

The two-year yield climbed 3.6 basis points at 9:08 am ET, reaching 1.436%. The ten-year benchmark was up two points at 1.55% and the 30-year rate advanced 2.9 points to 2.046%. Equivalent futures were 0.05%, 0.09% and 0.21% in the red, respectively.

Breaking the News / IT