Treasury Secretary Scott Bessent hailed an improvement in US-China engagement ahead of President Donald Trump’s visit to the Asian nation next week, and said he expects further dialogue on AI models.
Treasuries sank and traders solidified their bets that Federal Reserve officials will raise interest rates when they next meet in December after evidence of persistently hot US inflation
Treasuries fell as investor appetite for riskier assets including stocks and corporate bonds recovered, damping the appeal of US government bonds as a hedge