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Treasury yields drop on reports trade deal may not come this year

Credit: REUTERS/JOSE LUIS GONZALEZ

U.S. Treasury yields dropped on Wednesday on news a "phase one" U.S.-China trade deal may not be completed this year, according to Reuters sources.

NEW YORK, Nov 20 (Reuters) - U.S. Treasury yields dropped on Wednesday on news a "phase one" U.S.-China trade deal may not be completed this year, according to Reuters sources.

Benchmark 10-year Treasury note yields US10YT=RR were last down 5.1 basis points at 1.735%. The two-year yield US2YT=RR was down 2.4 basis points at 1.572%, flattening the yield curve US2US10=TWEB to 16.1 basis points from 18.5 at Tuesday's close.

(Reporting by Kate Duguid Editing by Chris Reese)

((kate.duguid@thomsonreuters.com; +646-223-6118; Reuters Messaging: kate.duguid@thomsonreuters.com@thomsonreuters.net))

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