Bond Selloff Fades, US-Iran Said to be Exploring Phased Deal, Trump-Xi Summit
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.
This is a short extract from a report by Bloomberg. The full text stays with the publisher — follow the link to read it there.
Read at source