The United States’ agricultural sales to China is expected to double, US Trade Representative (USTR) Robert Lighthizer noted during an interview with Fox Business Network on Tuesday. “Phase-one China trade deal is totally enforceable,” Lighthizer added.
These remarks seem to be providing a boost to risk appetite with the 10-year US Treasury bond yield, which was last down only 0.2% on the day, recovering a large portion of its daily losses. Additionally, the S&P 500 futures turned positive on the day in the last minutes to hint that Wall Street’s main indexes are likely to open in the green.
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