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While speaking to reporters in New York on Wednesday, US President Donald Trump said a trade deal with China could happen sooner than people thought.

Regarding the trade negotiations with Japan, Trump said that Japan will open a new market to $70 billion worth of agricultural products from the US and Japan’s reduced tariffs will boost pork, beef, and corn exports.

There was no market reaction to these remarks but the 10-year US Treasury bond yield was still up more than 3% on the day while the US Dollar Index was clinging to strong daily gains above 99.