U.S. government debt prices edged up on Thursday amid hopes of a Brexit trade deal being reached between the U.K. and the European Union. The yield on the benchmark 10-year Treasury note fell to 0.948 percent, while the yield on the 30-year Treasury bond traded lower at 1.689 percent. Bond yields move inversely to prices, CNBC reports. Britain and the European Union are said to be on the cusp of striking a free trade agreement on Thursday. It comes after months of political wrangling over key sticking points such as fisheries.

Source: The Standard December 24, 2020 11:48 UTC