U.S. government debt yields fell Friday morning as traders digested a rate move from the Federal Reserve and monitored trade talks between Washington and Beijing.
On Friday, deputy trade negotiators from the U.S. and China resumed face-to-face talks for the first time in almost two months. The deputy-level trade talks are expected to help lay the groundwork for high-level negotiations early next month.
Washington and Beijing have imposed tariffs on billions of dollars' worth of one another's goods since the start of 2018. On Wednesday, the Federal Reserve cut its benchmark overnight lending rate by 25 basis points, its second such move in 2019. But it failed to signal further rate cuts for 2019, disappointing some investors who'd been hoping for hints at looser monetary policy.There are no Treasury auctions scheduled for Wednesday.
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