Bond Report: U.S. government bond yields rise after data deluge, with Philly Fed in focus

Treasury prices pulled back Thursday, pushing up yields on signs of progress with U.S.-China trade talks and as investors sorted through a deluge of economic reports.

What are yields doing?

The yield on the 10-year Treasury note TMUBMUSD10Y, +1.90% rose 3.6 basis points to 2.688%, while the two-year Treasury note yield TMUBMUSD02Y, +1.33% rose 2.7 basis points to 2.529%. The yield on the 30-year Treasury bond TMUBMUSD30Y, +1.77% rose 4.7 basis points to 3.046%. Yields and debt prices move in opposite directions.

What’s driving the market?

News reports said U.S. and Chinese negotiators have begun to outline a deal to end a long-running trade spat.

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