President Donald Trump is hoping to sign another trade deal, this could be with India
Treasury yields climbed for a second day on Wednesday as investors shrugged off the potential economic impact of China’s fast-spreading coronavirus. The yield on the benchmark 10-year Treasury note, rose five basis points to around 1.634%, while the yield on the 30-year Treasury bond was also higher at around 2.093%. The benchmark 10-year yield plunged about 40 basis points in January as the Chinese epidemic drove investors to safe assets.
President Donald Trump is hoping to sign another trade deal before the 2020 election. It could be with India if he and Prime Minister Narendra Modi can come to terms during Trump’s official trip to the country in less than two weeks. Despite multiple attempts, the two countries’ trade teams have struggled to see eye to eye in countless meetings in Washington, New Delhi and New York held over the last 18 months yielding no results. India was preparing to buy U.S. military helicopters from Lockheed Martin for $2.6 billion ahead of Trump’s visit. Since Modi was elected, the country has been steadily increasing its purchases of U.S. defense equipment.