After earlier comments by China saying that yesterday's reports of halting UST purchases are based on wrong information
And that's enough of a signal to get the bond market up and kicking. US 10-year yields have slipped 2 basis points in the last hour - now down to 2.531%, lowest for the day.
US Treasuries pared losses in US trading yesterday as yields were sent soaring after Chinese reports that officials who were in charge of the FX reserves recommended to slow down or halt purchases of US debt earlier in the European session. US 10-year yields rose to as high as 2.59% before ending the day at just above 2.55%.