Among the US-China deals, addresses intellectual property theft in exchange for Chinese market access

Treasury yields fell on Wednesday despite the signing of an interim trade deal between the world’s two largest economies. The yield on the benchmark 10-year Treasury note, dipped two basis points to around 1.794%, while the yield on the 30- year Treasury bond was also lower at around 2.249%. The U.S. and China signed the so-called “phase one” trade deal on Wednesday. The deal addresses intellectual property theft and forced technology transfers in exchange for Chinese market access. It also details a $200 billion increase in Chinese purchases of U.S. goods over two years. (CNBC)

The House sent two articles of impeachment against Donald Trump to the Senate Wednesday in a somber procession of Democratic prosecutors — the first step to begin a trial that is all but certain to end in the president’s acquittal. Senate Majority Leader Mitch McConnell invited the seven House impeachment managers to return at 12 p.m. on Thursday to read the articles aloud on the Senate floor. John Roberts, the chief justice of the U.S., will be sworn in at 2 p.m. to preside over the trial. He will then swear in all 100 senators as jurors. (Bloomberg)


Source: Danareksa Sekuritas Debt Research
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