BY TATIANA BAUTZER
NEW YORK—US Treasury yields rose on Monday to the highest levels in a month after the United States and China agreed to lower trade tariffs on one another during a 90-day pause, triggering a rush of investor cash into risk assets and hitting safe havens like bonds.
The yield on the benchmark US 10-year Treasury note rose 8.6 basis points to 4.461 percent, amid a strong rally that pushed stocks and the dollar higher.
The world’s two largest economies said in a joint statement that they had reached a deal to impose a 90-day pause on tariffs and reciprocal duties would drop sharply, giving investors some confidence that a full-scale trade war may have been averted.
US Treasury Secretary Scott Bessent, speaking after talks with Chinese officials in Geneva, told reporters the two sides had reached the deal that was outlined in a joint statement and that reciprocal rates would drop by 115 percentage points.
President Donald Trump said on Monday that the deal includes larger acquisitions of US agricultural products by China and other market access issues.
