Global Bond Selloff Deepens; US, China Extend Trade Truce; 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. (Source: Bloomberg)

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