Bond Selloff Fades, US-Iran Said to be Exploring Phased Deal, Trump-Xi Summit
Global markets are reacting to a US Treasury selloff and potential US-Iran negotiations regarding the Strait of Hormuz. Additionally, a summit between Donald Trump and Xi Jinping concluded with limited substantive outcomes.
US Treasuries steady after a selloff drove global yields to the highest in decades, while US equity futures extend gains for the week. Oil falls as the US and Iran negotiators explore a phased deal to reopen the Strait of Hormuz. The Trump-Xi summit delivers the pageantry, but few substantive announcements. Anna Rosenberg of Amundi Investment Institute joins "Bloomberg Brief" to dive deeper into the takeaways from the Trump-Xi summit. Max Kettner of HSBC discusses the week in Treasuries.…
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