A broad flight to safer assets pushed the yield on the 10-year U.S. Treasury note to its lowest close since March, highlighting the spreading effects of the escalating U.S.-China trade battle.

A broad flight to safer assets on Monday pushed the yield on the 10-year U.S. Treasury note to its lowest close since March, highlighting the spreading effects of the escalating U.S.-China trade battle.

Yields, which fall when bond prices rise, have slid since President Trump tweeted on May 5 that the U.S. would raise tariffs on Chinese goods, dashing hopes on Wall Street that the world’s two largest economies were just days away from settling their differences.

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