EconomyGlobal Bond Selloff Deepens; US and China Extend Trade Truce Ahead of Trump-Xi Summit

A worsening global bond rout sends the 30-year Treasury yield to its highest level since 2004, while US equity futures decline. Oil advances after Iranian officials reportedly say the war with the US could widen. Washington and Beijing agree to extend their trade truce by two months before the Trump-Xi state summit.