basis: What's driving Treasurys Trump agreed to hold off on imposing tariffs on another 300 billion of Chinese imports, and said U.S. suppliers will be allowed to sell some products again to Huawei, according to Market Watch. The deal, however, keeps existing tariffs in place, an issue for investors who had hoped the Group of 20 meeting would help pare the current import levies on 250 billion of goods. What's driving Treasurys The 10-year Treasury note yield TMUBMUSD10Y, -1.22% rose 3.2 basis points to 2.033%, while the two-year note yield TMUBMUSD02Y, -0.68% was up 5 basis points to 1.789%. The 30-year bond rate TMUBMUSD30Y, -0.75% picked up 2.9 basis points to 2.557%. Debt prices move in the opposite direction of yields. People's Bank of China Gov. But other analysts were more pessimistic on the results of the G-20 summit, as neither side emerged with a path toward a comprehensive trade deal. Yi Gang said the outcome from the weekend's meeting was better than expected, according to Reuters.
(news.financializer.com). As
reported in the news.
Tagged under basis, points topics.