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Trade truce chatter sends stocks and yields surging

|About: iShares 20+ Year Treasur... (TLT)|By: , SA News Editor

The president this morning tweeted that a "BIG" trade deal with China was getting near.

The WSJ minutes ago followed up, reporting that the administration has offered to trim existing tariffs by up to 50% on about $360B on Chinese goods, and cancel the new set of tariffs set to get started on Sunday.

Stocks are off the races, as are bond yields, with the 10-year Treasury up eight basis points to 1.88%. TLT -1.5%, TBT +3%, AGG -0.3%

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