Global Bond Selloff Deepens; US, China Extend Trade Truce; Trump-Xi Summit
Global bond markets are struggling as US equity futures decline and the 30-year Treasury yield hits a 2004 high. Meanwhile, the US and China have extended their trade truce for two months ahead of the Trump-Xi summit.
US equity futures fall and a global bond rout intensifies, pushing 30-year Treasury yield to the highest level since 2004. Oil rises as Iranian officials reportedly said the war with the US could expand. The US and China agree to extend their trade truce by two months ahead of Presidents Trump and Xi's state summit. Marko Papic of BCA Research joins "Bloomberg Brief" to discuss the outlook for the latest bond selloff. Leland Miller of China Beige Book looks ahead to the Trump-Xi summit.…
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