Treasuries Are Falling on Progress in US-China Trade Talks

Optimism the US and China are nearing a trade deal is prompting investors to sell Treasuries as demand for havens wanes. Yields on 10-year benchmark US government bonds rose as much as four basis points to 4.04%, the highest in more than a week, after negotiators from the world’s two biggest economies said they’d struck a series of agreements on issues including tariffs and export controls. Yields on five- and two-year notes rose three basis points as improving risk sentiment overshadowed expectations of ...