Listen
(3 min)
1608 ET – Treasury yields spike amid rising inflation expectations. U.S. and Iran exchange fire and crude rallies 5%, surpassing $90. Massive government deficit spending and large-scale AI corporate debt issuances help fuel the bonds selloff, Touchstone’s Erik Aarts says. July job openings edge up to 7.3 million from June’s downwardly revised 7.2 million. ADP is expected to report August job creation rising to 47,000 from 44,000, according to a WSJ consensus. The 10-year yield adds 0.038 percentage point to 4.795%, while the two-year rises 0.044 p.p. to 4.392%, both at their highest since January 2025 and up for five consecutive sessions. (paulo.trevisaniwsj.com; ptrevisani)
0901 ET – A global bonds selloff continues, pushing Treasury yields higher, as the war in Iran muddles the economic outlook. Investors worry about ballooning government debt and sticky inflation. Oil keeps rising, with WTI up 2.5% to $87.92. July JOLTS report, at 10 a.m. ET, kicks off a string of U.S. labor data likely to move markets this week. Odds of a Fed hike in September tick higher to 66% from 65% yesterday. The two-year Treasury yield, which is more sensitive to Fed policy, touches 4.369%, which would be its highest settle since January 2025. The 10-year goes as high as 4.797%, also the highest in 19 months. (paulo.trevisaniwsj.com; ptrevisani)
#january
(3 min)
1608 ET – Treasury yields spike amid rising inflation expectations. U.S. and Iran exchange fire and crude rallies 5%, surpassing $90. Massive government deficit spending and large-scale AI corporate debt issuances help fuel the bonds selloff, Touchstone’s Erik Aarts says. July job openings edge up to 7.3 million from June’s downwardly revised 7.2 million. ADP is expected to report August job creation rising to 47,000 from 44,000, according to a WSJ consensus. The 10-year yield adds 0.038 percentage point to 4.795%, while the two-year rises 0.044 p.p. to 4.392%, both at their highest since January 2025 and up for five consecutive sessions. (paulo.trevisaniwsj.com; ptrevisani)
0901 ET – A global bonds selloff continues, pushing Treasury yields higher, as the war in Iran muddles the economic outlook. Investors worry about ballooning government debt and sticky inflation. Oil keeps rising, with WTI up 2.5% to $87.92. July JOLTS report, at 10 a.m. ET, kicks off a string of U.S. labor data likely to move markets this week. Odds of a Fed hike in September tick higher to 66% from 65% yesterday. The two-year Treasury yield, which is more sensitive to Fed policy, touches 4.369%, which would be its highest settle since January 2025. The 10-year goes as high as 4.797%, also the highest in 19 months. (paulo.trevisaniwsj.com; ptrevisani)
#january
23 hours ago
