Chinese Vice Premier Liu He said that the trade agreement between the United States and China in the first stage will benefit both countries and the world.

"After the signing of the first stage agreement, China and the United States will work together to follow up on the deal and get concrete results," Liu He said. "The first stage will help maintain global peace, stability, and prosperity. The United States and China can work together to achieve a win-win relationship despite differences in policy and economic models."

These comments failed to improve market sentiment. As of this writing, the yield on the 10-year US Treasury note has fallen 2% on the day at 1.780%.