Treasury Action: yields are extending lower as stocks sag
Treasury Action: yields are extending lower as stocks sag. Reportedly, The Global Times is running a story on a business round table meeting in China that just concluded. According to the report, U.S. officials haven't seen enough benefit from China's entrance to the WTO, while the Chinese said their trade has benefited the world. Also, while there was some encouragement from the recent talks, China said any trade agreement must see a roll back of tariffs on both sides, at the same time while the deal is being made. Chinese officials added the U.S. hasn't shown enough of a positive response. This article has weighed slightly on Wall Street, adding to the bearish pressures from misses on Home Depot and Kohl's. The Dow is off -0.28%. The 10-year Treasury yield is 2.2 bps lower at 1.795%, with the 2-year flat at 1.600%.