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30-year yield hits lowest level in more than a year as traders prepare for long trade battle

Thomas Franck

The yield on the 30-year Treasury bond fell  to its lowest level in more than 16 months on Thursday as Wall Street grew confident that the trade disagreement between the U.S. and China could drag on longer than initially thought. At around 8:32 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 2.361%, while the yield on the 30-year Treasury bond was also lower at around 2.785%. The latest disagreement between Washington and Beijing worsened after U.K.-based semiconductor designer Arm Holdings said it suspended business with Huawei to comply with the U.S. blacklisting of the telecom company.