- US Treasuries steadied after a selloff pushed global yields to their highest levels in decades; the week's Treasury moves were the focus of HSBC's Max Kettner on Bloomberg Brief.
- Oil fell as US and Iranian negotiators explore a phased deal to reopen the Strait of Hormuz.
- The Trump-Xi summit produced pageantry with few substantive announcements, a read picked apart by Anna Rosenberg of Amundi Investment Institute.
- US equity futures extended gains for the week even as the Treasury market digested the yield spike.
Quotes
“US Treasuries steady after a selloff drove global yields to the highest in decades”
“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”