Treasury yields tick lower amid US-China trade tensions

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U.S. government debt prices were higher Wednesday morning, amid heightened political tensions between the world's two largest economies.

Senate also unanimously passed a bill supporting Hong Kong protestors on Tuesday. In response, China's foreign ministry accused the U.S. of interfering in Beijing's domestic affairs.to the House, which already approved its own version of the bill in October.

The two chambers of Congress will need to work out the differences between their bills before it can be sent to Trump.'s October policy meeting. The U.S. central bank decided to lower the federal funds rate by 25 basis points to a range of 1.5% to 1.75% late last month.

 

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