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NEW YORK — U.S. Treasury yields fell on

Friday after a Chinese delegation canceled planned visits to

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U.S. farms, raising concerns that the United States and China

are unlikely to forge a trade deal in the near term.

The Montana Farm Bureau said that the delegation canceled

their trip to Montana and will instead return to China sooner

than originally scheduled.

U.S. President Donald Trump said earlier on Friday that his

administration was “making a lot of progress” with China, as

deputy-level trade talks continued for a second day and

Washington lifted tariffs on more than 400 Chinese products.

Benchmark 10-year notes gained 6/32 in price to

yield 1.755%, down from 1.774% on Thursday.

Bonds were also supported after the New York Federal Reserve

said it plans to pour cash into the U.S. banking system through

early October to avert another market disruption, after the cost

of loans in the overnight repurchase agreement (repo) market