Bonds Selloff Drags Stocks; Oil Eases Before Trump-Xi Talks — SkimNews
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- Bond markets extended a selloff ahead of scheduled Trump-Xi trade talks, per Reuters, rattling global equities as elevated yields persisted.
- US stocks fell under continued pressure from high bond yields, while oil eased off recent highs as investors awaited Middle East peace signals.
Why it matters: The bond selloff is the active driver dragging equities down, meaning rate dynamics — not earnings or trade headlines alone — are dictating near-term price action. With the Trump-Xi summit and Middle East diplomacy both on the calendar, bond and oil markets remain exposed to whichever signal breaks first.
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