Treasury yields fell on Thursday after China disputed a report that its government officials had recommended the country slow or halt its purchases of U.S. bonds.
China is diversifying its foreign exchange reserves in order to safeguard their value, the country’s currency regulator said on Thursday, while dismissing a media report about its purchases of U.S. debt.
A Bloomberg News story published Wednesday lifted yields on the 10-year government bond to a 10-month high as investors worried about large buyers reducing their participation in the market.
