Investors await the planned signing of a so-called “phase one” trade deal between the U.S. and China






Treasury yields climbed slightly on Monday as investors await the planned signing of a so-called “phase one” trade deal between the U.S. and China later this week. The yield on the benchmark 10-year Treasury note, rose two basis points to around 1.84%, while the yield on the 30-year Treasury bond was also higher at around 2.31%. U.S. Treasury Secretary Steven Mnuchin said Sunday that he expects an interim trade deal between Washington and Beijing will add significantly to economic growth in 2020. (CNBC)

President Donald Trump’s impeachment trial is likely to get fully underway next week, a senior Senate Republican said, following a unique series of rituals that include a procession of House managers carrying the two articles through the Capitol Rotunda to the Senate chamber. Senator John Cornyn of Texas said he expects opening arguments on Jan. 21. The House is poised to vote Wednesday on the impeachment managers named by Speaker Nancy Pelosi followed by a vote to authorize transmittal of the articles to the Senate, according to a person familiar with the plans. Trump then would have two days to respond to a summons to provide his defense. (Bloomberg)

Source: Danareksa Sekuritas Debt Research
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