Us treasury yields hold steady as g-7 summit takes center stage

Us treasury yields hold steady as g-7 summit takes center stage

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U.S. government debt yields held steady on the last trading day of the week as world leaders convened for the G-7 summit. The yield on the benchmark 10-year Treasury note inched higher to


2.94 percent at 4:02 p.m. ET, while the yield on the 30-year Treasury bond also ticked up to 3.086 percent. Bond yields move inversely to prices. With little economic data out on Friday,


investors turned their attention to the G-7 summit in Quebec, Canada. President Donald Trump is scheduled to appear Friday at the meeting, alongside other major leaders — including those who


currently govern nations that Trump has inflicted tariffs upon. One aspect that's put investors on edge is a fresh tweet by Trump, who accused France and Canada of levying


"massive tariffs" and establishing "non-monetary barriers." This came after French President Emmanuel Macron told reporters that while the U.S. incumbent may not mind


being isolated, the other leaders could sign a six-country agreement if need be. Elsewhere, any developments surrounding talks between the U.S. and North Korea will continue to keep


investors on edge, as a summit between the two nations draws closer. In a speech Thursday, Trump stated that if the initial meeting in Singapore on June 12 goes well, he would be open to


inviting Kim Jong Un to the U.S.