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In an interview with CNBC on Friday,  US Trade Representative (USTR) Robert Lighthizer said that the US and China were close to finalizing some sections of a trade agreement.

“There will be continuous discussions at the deputy level and ‘principals’ will have another call in the near future,” Lighthizer added.  

The 10-year US Treasury bond yield gained traction on these comments and was last up 0.72% on the day at 1.781%. Additionally, Wall Street’s main indexes turned north to reflect the upbeat sentiment. As of writing, the Dow Jones Industrial Average and the Nasdaq Composite were both up around 0.7% on the day.