Treasury yields have experienced a notable increase as markets react positively to a temporary deal between the US and China, which has sparked hope that a recession may be avoided. The agreement has led to a sell-off in Treasuries, encouraging a shift toward riskier assets like stocks. Analysts point out that while the truce may alleviate some immediate economic fears, it is unlikely to prevent the pressure on the economy from persisting due to the uncertainty surrounding trade negotiations. As the situation develops, investors are keeping a watchful eye on how these trade dynamics will influence yields, with expectations that any long-term stability will hinge on upcoming economic data and further negotiations.