Citing a Trump administration official with direct knowledge of the matter, Reuters reported that ‘phase one’ of the United States (US)-China trade deal may not be signed at the APEC summit in Chile in November.
“Progress is being made,” the official told Reuters. “If a deal is not signed in Chile, that does not mean US-China talks have fallen apart, just that more time is needed.”
The 10-year US Treasury bond yield edged lower on these comments and was last losing 0.65% on a daily basis at 1.835%.
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