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1/16, 4:58 PM (Source: TeleTrader)
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US Treasury yields rise after phase one trade deal

United States Treasury yields increased on Thursday as investors digested the signing of the phase one trade agreement between Washington and Beijing a day earlier. However, data from the US, including jobless claims, retail sales, business inventories and builders' sentiment all influenced the move. Moreover, interest in company new increased amid the latest earnings releases from US companies.

The return on the two-year Treasury was up by one basis point to 1.572% at 10:54 am ET while the yield on the ten-year bond gained 1.9 basis points to stand at 1.807% at 10:55 am ET. The 30-year Treasury yield was 1.2 points higher at 2.254% at 10:56 am ET.

Their corresponding bond futures declined 0.04%, 0.14% and 0.28%, respectively, all at 10:46 am ET.

Breaking the News / VP