BY GERTRUDE CHAVEZ-DREYFUS
NEW YORK—US Treasury yields were flat overall on Friday, with thinner volume than usual and sentiment still uncertain, as investors looked ahead to talks between the Trump administration and China over the weekend in Geneva on tariffs.
Market participants said there was a bit of short-covering that went on in Treasuries following a selloff on Thursday that pushed yields to multi-week highs, amid a US-UK trade deal.
That deal was the first since President Donald Trump imposed worldwide tariffs on April 2, sparking a rally in US equities, and the dollar. It also helped pushed Treasury prices lower and yields higher, as investors looked to take on more risk.
Trump said more deals are set to follow the UK trade pact.
Switzerland is also among the countries seeking to strike a quick deal to reduce those tariffs, and Swiss President Karin Keller-Sutter said it was towards the front of the line after “positive” discussions.
