Overall Market Sentiment Markets reacted cautiously to renewed US-China trade tensions but rebounded on news of potential high-level dialogue. Equities and spreads reversed early weakness, but risk sentiment remained fragile. US equities closed higher, led by tech (Meta +3.6%, Nvidia +1.7%). US IG spreads tightened 1–2bps, while Treasury yields rose 3–4bps. VIX held near recent......