Equities

Treasury yields tick higher as investors digest China data, Brexit developments


The move in bond markets comes after China posted its weakest growth in nearly three decades, as the U.S.-China trade war hit demand at home and abroad. The world’s second-largest economy grew 6% in the third quarter, less than expected, and its weakest pace of expansion in over 27 years.The downbeat data appeared to offset a global shift in market sentiment on Thursday, after the U.K. and European Union struck a long-awaited Brexit deal. British and EU officials reached the agreement after successive days of late-night talks and almost three years of tense discussions.British Prime Minister Boris Johnson will now attempt to persuade U.K. lawmakers to back his agreement, ahead of what is expected to be a knife-edge vote on Saturday.There are a number of Fed speeches expected on Friday. At 9.00 a.m. ET, Dallas Fed President Robert Kaplan will be speaking, followed by Kansas Fed President Esther George at 10:05 a.m. ET at a separate event. This will be followed by a speech from Minneapolis Fed President Neel Kashkari at 10:30 a.m. ET at the Federal Home Loan Bank’s annual leadership summit in Bloomington. At 11:30 a.m. ET, Federal Reserve Board of Governors Vice Chair Richard Clarida will speak at the CFA Institute conference in Boston.There are no major economic reports scheduled on Friday.- CNBC’s Sam Meredith contributed to this report.

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