U.S. government bond yields retreat as trade tensions take a back seat

Treasury yields retreated early Wednesday, a day after an escalation in the tit-for-tat trade skirmish between China and the U.S. drove investors to flee to the perceived safety of government paper. The 10-year Treasury note yield (XTUP:TMUBMUSD10Y=X)*retreated by 3.2 basis points to 2.894%, while the 30-year bond yield (XTUP:TMUBMUSD30Y=X) fell 3.1 basis points to 3.023%. The two-year note yield (XTUP:TMUBMUSD02Y=X) edged 0.6 basis point lower to 2.549%.

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