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US Treasury yields lower ahead of fresh data

  • Bond traders are likely to follow a speech by Atlanta Fed President Raphael Bostic at 9.55 a.m. ET.

  • There will be industrial production numbers out at 9.15 a.m. ET and consumer sentiment out at 10 a.m. ET.

  • There are no Treasury auctions planned.

U.S. government debt prices  were higher on Friday morning, as market participants continued to monitor trade talks between China and the U.S. and awaited fresh data.

At around 2:10 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at around 2.6554 percent, while the yield on the 30-year Treasury bond was also lower at 2.9952 percent.

There is a strong focus on trade as China and the U.S. continue talks. According to the South China Morning Post, Chinese President Xi Jinping will meet with U.S. delegates on Friday, including Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer.

In politics, the White House said Thursday that President Trump is signing legislation that prevents a government shutdown, but will also declare a national emergency to try to build a wall on the border with Mexico. Trump is due to speak in the White House Rose Garden at 10 a.m. ET.

Furthermore, bond traders are likely to follow a speech by Atlanta Fed President Raphael Bostic at 9.55 a.m. ET.

There is also a raft of data due. There will be industrial production numbers out at 9.15 a.m. ET and consumer sentiment out at 10 a.m. ET.

There are no Treasury auctions planned.



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