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Treasuries Move Modestly Higher Amid Concerns About U.S.-China Tensions

(RTTNews) - After ending the previous session nearly unchanged, treasuries moved modestly higher during the trading day on Friday.

Bond prices gave back some ground after an initial jump but managed to remain in positive territory. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, dipped 2 basis points to 0.657 percent.

The uptick by treasuries came amid concerns about rising tensions between the U.S. and China, as Beijing moved to strengthen control over Hong Kong with new security laws.

U.S. President Donald Trump warned that Washington would react "very strongly" if China follows through on its plans.

The latest developments come after the Senate passed a bill on Wednesday that would potentially delist Chinese stocks from U.S. exchanges.
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