U.S. Markets closed

10-year yield drops to lowest since 2017 this week as trade war fuels economic worries

Thomas Franck

Long-term government debt yields  were set to finish the week near multiyear lows, held down by mounting concerns that the trade war between the U.S. and China could persist longer and curb GDP growth more than first thought. The yield on the 10-year Treasury note posted a marginal gain in Friday's session after falling 10 basis points to a low of 2.292% on Thursday, its lowest level since Oct. 16, 2017. The U.S. and China have imposed tariffs on billions of dollars' worth of one another's goods since the start of 2018, battering financial markets and souring business and consumer sentiment.