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Bonds Shaky, Oil Eases Amid Trade, Peace Talks; US-China Summit in Focus
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News18•24-09-2026, 08:16
Bonds Shaky, Oil Eases Amid Trade, Peace Talks; US-China Summit in Focus
- •Debt markets were on edge as Japanese bonds followed Treasuries lower, with the 10-year Japanese government bond yield jumping to a 30-year high after a steep sell-off in the U.S. market.
- •Oil prices eased from recent highs, and the greenback held gains following Middle East tensions and President Trump's warning to Iran.
- •Market participants awaited central bank speeches and economic releases for signals on future interest rate hikes, with a summit between Trump and Chinese President Xi Jinping also in focus for trade progress.
- •Equities showed signs of strain under rising bond yields, leading to a risk-off environment where the U.S. dollar found safe-haven support.
- •Geopolitical tensions kept energy prices elevated, despite some easing, while central bank officials maintained a hawkish tone regarding inflation and potential rate increases.
Key Questions Answered
Japan's 10-year government bond yield jumped 8 basis points to 3.06%, reaching its highest level since August 1996, following a steep sell-off in the U.S. market overnight.
Brent crude fell 1% to $102.05 a barrel and U.S. West Texas Intermediate slipped 0.74% to $91.48 a barrel as energy prices eased off recent highs. Meanwhile, spot gold gained 0.35% to reach $4,301.89 an ounce.
Treasury Secretary Scott Bessent stated that Washington and Beijing reached a deal to extend their 11-month trade truce, as U.S. President Donald Trump greeted Chinese President Xi Jinping personally at Joint Base Andrews.
