We focus on China and two key events from the past few weeks that are likely to shape the outlook going forward.

US sanctions against two Russian oil giants saw prices spike, as well as putting upward pressure on bond yields. Elsewhere there is optimism that presidents Trump and Xi will find sufficient common ground for a US/China trade deal. Read our weekly snapshot of global fixed income markets.

Despite lingering questions around their legality and (lagged) potential impact on US inflation, financial markets appear to have moved swiftly on from tariffs.