Content overview: “US, China Extend Trade Truce as Trump Welcomes Xi”. Bloomberg Daybreak Europe provided essential morning coverage as a global bond selloff intensified, jolting investors. Robust US economic data and weak demand at a debt auction drove Treasury yields across much of the curve to their highest levels in almost two decades. The 30-year Treasury yield reached its highest since 2004, signaling growing concerns about inflation and fiscal policy. In a separate development, the US and China agreed to extend their trade truce by two months, as Xi Jinping arrived in the US for his first state visit in eleven years.
President Donald Trump gave Xi a rare tarmac welcome, underscoring the significance of the diplomatic event. The extension, announced by Treasury Secretary Scott Bessent, sets a new deadline of January 10. The program, live from Brussels, set the agenda for the day, catching viewers up on overnight markets news from the US and Asia. This listing links straight to the original page, where the content is available in full.