U.S. government bonds saw bidding early Friday, extending a yield decline for Treasurys a day after the European Central Bank set the stage for unwinding its bond-buying program by the end of 2018 but laid out a less aggressive plan than the market had anticipated. Reignited fears of a trade dispute between the U.S. and China contributed to a move to the perceived safety of government paper.
Reports indicate that the U.S. government is set to place tariffs on $100 billion in Chinese products that could face 25% levies, sparking a wave of worries about a trade clash resurfacing between the world’s biggest economies, rippling throughout the globe.
