Treasury yields soar on hope a recession will be avoided after temporary China-U.S. deal
1. U.S. and China agreed to significantly reduce tariffs on each other's goods. 2. 10-year Treasury yield rose to 4.441%, indicating market optimism. 3. Positive trade deal reduces recession fears for the U.S. economy. 4. Federal Reserve may delay rate cuts due to improved trade outlook. 5. Ongoing tariffs on some imports, like fentanyl, remain in effect.