Indonesia’s sovereign bonds rose in subdued post-holiday trade while the rupiah held near a three-month high with sentiment supported by improving U.S.-China trade ties. The 10-year yield dropped 2bps to a three-week low of 7.12%, it has fallen about 91bps so far this year. (Bloomberg)   U.S. Treasury yields were little changed on Thursday in holiday-thinned trading, while the last major auction of the year saw solid demand. At about 1:45 p.m. ET the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at 1.896%, while the yield on the 30-year Treasury bond also fell at 2.328%. The Treasury Department auctioned $32 billion of 7-year notes, both the last major event for U.S. government bonds this week as well as the last auction of 2019. This month"s 7-year note auction saw the strongest demand since September, with an improved bid-to-cover from last month. (CNBC)