Bond Yields Hit 19-Year Highs as Trump-Xi Summit Concludes
U.S. stock futures declined Thursday morning as the 10-year Treasury yield approached 5.2%, marking its highest level in 19 years. This surge follows strong manufacturing data and hawkish Federal Reserve comments suggesting potential rate hikes. Simultaneously, President Trump and Chinese President Xi Jinping concluded a high-stakes summit in Washington, agreeing to extend their trade truce until January 10, 2026, while discussing artificial intelligence and regional security.