U.S. government debt prices fell Wednesday as traders monitored the latest developments in U.S.-China trade talks.
div > div.group > p:first-child"> The yield on the benchmark 10-year Treasury note jumped sharply to about 2.51 percent, while the yield on the 30-year Treasury bond climbed to 2.91 percent. Bond yields move inversely to prices.
According to the Financial Times, Beijing wants Washington to remove existing U.S. duties on Chinese imports, while the Trump administration wants China to agree to an enforcement mechanism to ensure the country abides by the deal.
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