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Treasury yields retreat as stocks slump over China slowdown fears

November 9, 2018

Treasury yields pulled back in early Friday trading, as stocks across the world slipped on concerns over China’s economic slowdown.

The 10-year Treasury note yield TMUBMUSD10Y, -0.57% was down 2.2 basis points to 3.210%, while the 2-year note yield TMUBMUSD02Y, -0.96% fell 1.6 basis points to 2.953%. The 30-year bond yield TMUBMUSD30Y, -0.33% slipped 1.9 basis points to 3.406%. Bond prices move in the opposite direction of yields.

Asian stocks struggled over fears of weakness in China’s economy, following Beijing’s release of consumer price and producer price index data earlier. The Nikkei 225 NIK, -1.05% and the Shanghai Composite SHCOMP, -1.39% both closed more than 1% lower. Meanwhile, futures for the S&P 500 ESZ8, -0.53% and the Dow Jones Industrial Average YMZ8, -0.41% both pointed to a decline at the opening bell.

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