President Donald Trump and Chinese President Xi Jinping agreed to extend their trade truce by two months, allowing further negotiations over tariffs, Chinese purchases, rare-earth supplies and technology restrictions. The agreement provided continuity but left strategic differences unresolved as a global bond selloff kept borrowing costs elevated and pressured much of Asia's equity market. The U.S. 10-year Treasury yield traded at 5.1852% after reaching a 19-year high of 5.2251%, while the 30-year yield stood at 5.4705% after touching its highest level since 2004. Japan's Nikkei 225 rose 1.3%, supported by technology shares and a weaker yen, while Hong Kong and Australia declined. Oil prices remained a source of inflation concern after a Houthi missile attack on Saudi Arabia, though reports of U.S.-Iran discussions on reopening the Strait of Hormuz tempered Brent's advance. U.S. rate futures priced a 70% chance of another Federal Reserve increase in October.